National Commerce Corporation (NCC), parent company of Alabama-based National Bank of Commerce (NBC), announced on Monday the completion of the merger of NBC and Reunion Bank of Florida, headquartered in Tavares, Florida, from Birmingham, Alabama.
Reunion — now part of NBC — will continue operating under its “Reunion Bank of Florida” name, and its management team will continue its duties in alignment with NBC.
“We are extremely excited to partner with the team at Reunion,” NCC Chairman and CEO John Holcomb said. “The Reunion team has a strong track record of customer service, growth and credit quality, and we believe that they are an excellent cultural fit for our company. We welcome the customers, stockholders and employees [and] look forward to working together to continue to build our company.”
Steven Sevigny, Reunion director, has been appointed to the board of directors for both NCC and NBC in conjunction with the closing transaction.
“We are very pleased to join up with our friends at NCC,” Reunion President Michael Sleaford said. “The combined bank will allow us to continue to serve our customers as part of a larger organization, but one with its roots in community banking. We have known the NCC team for many years, and we believe that this merger will be beneficial for our customers, our stockholders, our employees and the communities that we serve.”
Keefe, Bruyette & Woods, Inc., acted as financial adviser to NCC, with Maynard, Cooper & Gale, P.C., as legal adviser. Monroe Financial Partners, Inc., acted as financial adviser to Reunion, with Smith Mackinnon, PA, as legal adviser.
NCC provides a full-service spectrum of financial services to business owners and professionals through 11 central Florida banking offices, as well as eight Alabama locations.