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First American adds to Florida operations with Continental acquisition

May 20, 2019 - American Banker
Mergers and Acquisitions

First American Bank in Elk Grove Village, Ill., has agreed to buy Continental National Bank in Miami.

The $5.3 billion-asset First American did not disclose the price it will pay.

The $490 million-asset Continental was Miami's first Cuban-American owned national bank, First American said in its release.

First American said it will bring more sophisticated lending products to the "vibrant Hispanic exile business community that Continental ... served since 1974."

First Amer...