Fidelity Southern to Buy American Enterprise in Fla.
Troutman Sanders was mentioned in numerous articles - MarketLine, M&A Navigator, American Banker and others - for representing Fidelity Southern of Atlanta in its acquisition of American Enterprise Bankshares of Jacksonville, Florida. Fidelity will pay $27 million in stock for American Enterprise in a deal that’s expected to close in the first quarter of 2016. Fidelity has been focused on expansion in Florida, agreeing to buy loans and deposits in the state from Florida Capital Bank and eight branches around Sarasota from First Banks in Clayton, Missouri.
Atlanta partner James Steven and Atlanta associates Jenny Zupec and Hunter Knowles represented Fidelity in the transaction.