In The News

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…

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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…

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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…

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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…

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First Citrus Bancorporation, Inc. Closes 2021 With Net Earnings Growth of 39% and Deposit Growth of 26%

TAMPA, FL., January 26, 2022 – First Citrus Bancorporation, Inc. (OTC Markets: FCIT), the parent bank holding company for First Citrus Bank, has released its financial results for the fourth quarter of 2021. December 31, 2021, YTD earnings were the highest on record, growing to $6,833,000, despite lower fourth quarter loan sales and lower SBA…

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First Citrus Bancorporation, Inc. Closes Third Quarter 2021 With Net Earnings Growth of 51%, Deposit Growth of 30%, and Loan Growth of 16%

First Citrus Bancorporation, Inc. (OTC Markets: FCIT), the parent bank holding company for First Citrus Bank, has released its financial results for the third quarter of 2021. The reported net earnings of $2,022,000 for the quarter ended September 30, 2021, resulting in both the strongest single quarter and YTD earnings performance in company history as…

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First Citrus Bank Ranks Among Tampa Bay 200 by Tampa Bay Business Journal

Tampa Bay Journal’s Tampa Bay 200 is a listing of the largest private companies headquartered in Hernando, Hillsborough, Manatee, Pasco, Pinellas, Polk and Sarasota counties. First Citrus Bank ranked 173, when listed among the top 200 privately-held companies headquartered in Tampa Bay. The Tampa Bay Journal compiled the list based on 2020 revenue, with 2019…

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Ribbon Cutting Ceremony Celebrates Opening of First Citrus Bank in the Heart of Downtown St. Petersburg

First Citrus Bank Celebrates National Small Business Week in St. Pete with Ribbon Cutting and Community-Driven Campaign. TAMPA, Fla., September 21, 2021 – First Citrus Bank, the St. Petersburg Chamber of Commerce, St. Pete Greenhouse, and the St. Petersburg Area Economic Development Corporation held a ribbon cutting ceremony on Thursday, September 16th, to officially celebrate…

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Physical Bank Branches Are Still Necessary in Tampa Bay as Banking Evolves

Chief Deposit Officer Jessica Kendall Hornof and other Tampa Bay bank officers address the ongoing need to have physical branches on the Gulf Coast of Florida in a recent Tampa Bay Business Journal article. Per the article, the Economist Intelligence Unit (EIU) reported that the majority of bankers believed that branch-based banking would cease within…

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First Citrus Bancorporation, Inc. Reports Continued Record-Setting Growth in 2021 Second Quarter and Strong Asset Quality

TAMPA, FL., July 19, 2021 – First Citrus Bancorporation, Inc. (OTC Markets: FCIT), the parent bank holding company for First Citrus Bank, released its financial results for the second quarter of 2021. Net earnings of $1,960,000 for the quarter ended June 30, 2021, was the highest in company history. During the second quarter, assets, deposits,…

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