Centennial Bank, a wholly-owned subsidiary of Home BancShares, Inc. (HOMB), announced Friday it has acquired all the deposits and substantially all the assets of Heritage Bank of Florida (“Heritage”) with offices located in Tampa, Lutz and Wesley Chapel, Fla., through an agreement with the Federal Deposit Insurance Corporation (“FDIC”).
“We are excited to welcome the customers and employees of Heritage Bank to our family and look forward to the benefits this acquisition should bring to the businesses and residents of the northern Tampa area,” said Randy Sims, CEO of Home BancShares and Centennial Bank.
“We want depositors of Heritage Bank to be confident in knowing that they will be banking with a strong, community-banking-oriented financial institution. We also want to reassure all customers of Heritage Bank they will continue to conduct business as normal with the employees with whom they have built a solid long term relationship.
“We are very pleased to expand our Central Florida franchise. We anticipate a smooth and seamless transition, similar to our experiences with our previously announced FDIC-assisted acquisitions,” Sims said.
“Our local Centennial Bank team along with management from Home BancShares has been deployed to assist in the weekend resolution process.”