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DFCU Financial Announces Transaction with First Citrus Bank in Tampa, Florida
TAMPA, FL, May 12, 2022 – The Boards of Directors of DFCU Financial (“DFCU”) and First Citrus Bancorporation, Inc, (OTCPK: FCIT), the holding company for First Citrus Bank (collectively “FCB”), today announced the execution of a definitive agreement by which FCB will merge with DFCU in an all-cash transaction. Subject to the terms of the…
First Citrus Bancorporation, Inc. Reports Record-Setting Growth in 2022 First Quarter
TAMPA, FL., April 25, 2022 – First Citrus Bancorporation, Inc. (OTC Markets: FCIT), the parent bank holding company for First Citrus Bank, released its financial results for the first quarter of 2022. Net earnings of $1,463,000 for the quarter ended March 31, 2022, was 28% higher than the fourth quarter of 2021 and 14% lower…
Tampa Bay Banks Weigh In On Rising Interest Rates
Tampa Bay banks shared their thoughts on the rising prime interest rates on March 30, 2022, as reported by the Tampa Bay Times. David Mastrorio, Executive Vice President and Chief Lending Officer at First Citrus Bank, shared, “At one point there was a lot of talk about the Fed raising it half a point instead…
First Citrus Bancorporation, Inc. Declares Special Cash Dividend
TAMPA, FL., February 28, 2022 – First Citrus Bancorporation, Inc. (OTC Markets: FCIT), the parent bank holding company for First Citrus Bank, announced that its Board of Directors declared on February 17, 2022, a $0.12 special cash dividend per share on March 14, 2022, to all holders of Common, Class A Preferred and Class B…
