Florida Community Bank launched an investment program and chose Raymond James as its broker dealer, according to an announcement from the two companies.
Florida Community is a result of acquisition. The parent company, Bond Street Holdings, bought eight community banks, creating the fifth-largest independent bank in the state. Now a statewide presence, it has $3.2 billion in assets and 41 full-service branches in Florida. According to the new arrangement, Raymond James will send one advisor to join the bank and represent the program to clients and prospects at several locations.
It was important for us to align with a firm that not only provides vast resources, but can also meet our expectations for growth, said Kent Ellert, CEO and president of Florida Community Bank. He noted that Raymond James offers the research, strategy, products and services the bank needs to provide a full array of services.
It is clear that Florida Community Bank is dedicated to providing its clients the best and widest selection of financial services, said Jamie Kosharek, vice president and southeastern regional director of Raymond James Financial Institutions Division, in a press release. We are pleased they chose to partner with Raymond James for their new wealth management program.