Dear Valued Customer:
We are excited to announce that Intercontinental Bank has entered into an agreement to merge with Sunstate Bank. Sunstate Bank made a convincing case that we would be stronger together, and we agreed. The combined entity will have approximately $400 million in assets, $325 million in deposits, and three branches in South Florida. Together we look forward to continuing to deliver a state of the art experience and local decision making to YOU, our most valuable asset.
This merger represents a truly remarkable opportunity for our clients, our employees, and our community. The partnership will ultimately provide you with an expanded branch network in South Florida, as well as access to enhanced products and services. Sunstate Bank is a strong leader in the local financial community, and like Intercontinental Bank, are known for an unwavering commitment to their clients and the community. Also, like Intercontinental Bank, Sunstate Bank is proud to be rated 5-Stars by BauerFinancial, ranking them among the strongest financial institutions in the country.
The process of merging the banks will take some time to complete. Therefore, during this interim period Intercontinental Bank will continue business as usual with a renewed and energized commitment to continue to provide you with the personalized service that has made us a premier bank in this market. There is no need for you to take any action at this time..
If you have any questions, please contact your banker or visit our website at Intercontinentalbk.com where we will be posting information regarding the merger process.
Thank you for being a valued client of Intercontinental Bank.
Intercontinental Bank - Chairman