Bank expansion
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Alabama's ServisFirst expands beyond Southeast into Texas
Yahoo Finance· 2025-12-16 21:02
ServisFirst Bancshares is expanding its service into Texas, making it the latest in a long line of banks that have stampeded into the Lone Star State. The $18 billion-asset lender, based in Birmingham, Alabama, announced on Monday that it's opening a new office in Houston — its first in the state. The regional bank, which focuses on commercial lending, also has offices in Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee and Virginia. ServisFirst said its Texas operations will be led ...
Fifth Third Boosts Investment in New Branches to $1.9 Billion
PYMNTS.com· 2025-12-09 00:04
Core Insights - Fifth Third Bancorp plans to increase its investment in new branches to $1.9 billion by 2029, significantly up from the $225 million announced in 2018 for 100 new branches in the Southeast [1][2] - The bank is expanding its branch network to include Texas, in addition to previously announced states like Florida, North Carolina, and South Carolina, coinciding with its acquisition of Comerica [2][4] - Fifth Third has reached milestones of 200 branches in Florida and 100 in the Carolinas, with over 1,100 banking centers nationwide [3][4] Investment Plans - The bank's investment will support the addition of approximately 150 locations in Texas by 2029, alongside its existing Comerica branches [4] - In 2025, Fifth Third plans to launch about 50 new locations and enter Alabama, reflecting its aggressive expansion strategy [4] Growth Metrics - Since initiating its Southeast expansion in 2018, Fifth Third has added 172 new locations, upgraded 71 existing branches, and entered 14 new markets [4] - The bank has been recognized as No. 1 among large banks for year-over-year retail deposit growth for two consecutive years [6]
Fifth Third Boosts Planned Investment in New Branches to $1.9 Billion
PYMNTS.com· 2025-12-09 00:04
Core Insights - Fifth Third Bancorp plans to increase its investment in new branches to $1.9 billion by 2029, significantly up from the $225 million announced in 2018 for 100 new branches in the Southeast [1][2] Expansion Plans - The bank has expanded its branch plans to include Texas, in addition to previously announced states such as Florida, North Carolina, and South Carolina [2] - Fifth Third aims to add 150 locations in Texas by 2029, which will complement Comerica's existing footprint as the bank is in the process of acquiring it [4] Current Operations - Fifth Third has reached 200 branches in Florida and 100 in the Carolinas, with over 1,100 banking centers nationwide [3] - Since launching its Southeast expansion in 2018, the bank has added 172 new locations, upgraded 71 existing ones, and entered 14 new markets [4] Future Growth - In 2025, Fifth Third plans to launch approximately 50 new locations and enter Alabama as a new state [4] - The bank has been recognized for its retail deposit growth, ranking No. 1 among large banks for the second consecutive year [6]
Dime Announces Plans to Open Locust Valley Branch
Globenewswire· 2025-11-19 13:00
Core Points - Dime Community Bancshares, Inc. plans to open a new full-service branch in Locust Valley in 2026, pending regulatory approvals [1][2] - The new branch will be located at 85 Forest Avenue and will be managed by Liz Materia, who has prior experience as a branch manager [2] - The company aims to leverage local ties and capitalize on market disruptions to gain market share on Long Island's North Shore [3] Company Overview - Dime Community Bancshares, Inc. is the parent company of Dime Community Bank, which has over $14 billion in assets and holds the number one deposit market share among community banks in Greater Long Island [4][5]
AMERANT BANK OPENS NEW DOWNTOWN TAMPA BANKING CENTER, EXPANDING REGIONAL FOOTPRINT
Globenewswire· 2025-10-16 13:00
Core Insights - Amerant Bank has opened a new banking center in Downtown Tampa, enhancing its presence in the region [1][3] - The new location is part of Amerant's strategic expansion, which includes a planned third center in St. Petersburg set for mid-2026 [5] Group 1: Expansion and Growth - The new Downtown Tampa banking center spans 3,137 square feet and is the second center in the greater Tampa area, following the first center opened in the Westshore District in 2022 [1][2] - Amerant established its Tampa regional office in 2023, which serves as a hub for commercial banking, wealth management, and community engagement [2] Group 2: Services and Community Engagement - The Downtown Tampa center offers a full suite of services, including personal and business banking, lending solutions, and financial planning, designed with a modern, relationship-first approach [3] - Amerant Bank is the Official Bank of the Tampa Bay Rays, showcasing its commitment to supporting local institutions and fostering community pride [4] Group 3: Future Plans - A third banking center is scheduled to open in St. Petersburg in mid-2026, further extending Amerant's reach in the greater Tampa Bay market [5] - The company aims to continue exploring opportunities for branch expansion in the near future [5]
AMERANT BANK EXPANDS FOOTPRINT TO MIAMI BEACH WITH NEW BANKING CENTER
Globenewswire· 2025-09-12 13:12
Core Insights - Amerant Bank has opened its first Miami Beach Banking Center, marking its 21st banking center in Florida, as part of its expansion strategy in South Florida [1][3] - The new banking center is strategically located on Arthur Godfrey Road, covering an area of 2,838 square feet, and aims to serve residents, business owners, and visitors [2] - The bank plans to open a second Miami Beach banking center in Bay Harbor by late 2025, further solidifying its presence in the area [2][3] Company Strategy - The opening of the Miami Beach Banking Center reflects Amerant Bank's commitment to strategically grow in key markets across Florida while providing relationship-focused service [3] - In the past two years, Amerant has opened new banking centers in Downtown Miami, Fort Lauderdale, and West Palm Beach, enhancing its position as Florida's bank of choice [3] - The bank has announced plans to expand into the greater Tampa market, with new locations in Tampa and St. Petersburg expected to open before the end of 2025 and early 2026, respectively [3] Operational Details - The Miami Beach Banking Center will operate Monday through Thursday from 9:00 a.m. to 4:00 p.m., and Friday from 9:00 a.m. to 5:00 p.m. [4] - Amerant Bank has been serving clients for over 45 years and is recognized for its community involvement and support for non-profit organizations [4]