Who owns Anchorbank?
The $169 million-asset Anchor Bank in Palm Beach Gardens has agreed to buy the $58 million-asset Home Federal Bank of Hollywood in Hallandale Beach for an undisclosed sum. For CEO Nelson Hinojosa, the deal, announced last week, could be game-changing.
Florida bank that went global to survive eyes growth at home.
Nov 9, 2020
What happened to Anchor Bank?
Upon the closing, Home Federal Bank of Hollywood's one location at 900 North Federal Highway in Hallandale Beach will be rebranded as Anchor Bank. Anchor Bank, a Palm Beach Gardens-based community bank, has entered into a merger agreement with Home Federal Bank of Hollywood.
How do anchor bank make money?
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What are anchor banks?
Named as 'the anchor banks', they will be recognized by October 31, 2016 and the anchor banks could large lenders like State Bank of India (SBI), Bank of Baroda (BoB), Punjab National Bank (PNB) and Canara Bank. The government will set up an expert panel for the consolidation process.