Preparing for further regional growth, Plant City, Florida-based Sunshine Bank’s parent holding company, Sunshine Bancorp, Inc., this week announced its completed purchase of two Sarasota and Bradenton branches from First Federal Bank of Florida.
“We are excited to have the First Federal employees and customers in the greater Sarasota market join the Sunshine family,” Andrew Samuel, Sunshine’s president and CEO, said. “We look forward to continue serving our expanded customer base with uncompromising service and building a strong relationship-based community banking franchise.”
The transaction, previously announced in July, received all necessary regulatory approvals earlier in this year’s fourth quarter. Sunshine’s newly expanded network will comprise 12 banking venues operating under the Sunshine Bank name, in Hillsborough, Manatee, Orange, Pasco, Polk and Sarasota counties.
Sunshine Bank was first established in Florida in 1954, with Sunshine Bancorp, Inc. formed in 2014 as its holding company. From its original office in Plant City, the company continues to provide financial services for individuals and businesses throughout the region.