First Citrus Bancorporation, Inc.
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- First Citrus Bancorporation, Inc. (OTC: FCIT) operates as the holding company for First Citrus Bank, a Florida-based commercial bank providing retail and commercial banking services; deposit products including checking, savings, and certificates of deposit; and lending solutions such as commercial real estate loans, business loans, SBA loans, and consumer loans to individuals, small businesses, and commercial clients primarily in the Tampa Bay region. The bank maintains six branches throughout Tampa Bay and targets local markets with a focus on community banking, earning recognition as one of the Top 100 Community Banks by American Banker in 2021 and Top 5 SBA Lender in Tampa Bay for 2020. Founded in 1999 and headquartered in Tampa, Florida—with additional references to Crystal River operations—the company emphasizes personalized service in the financial services sector. In a major strategic shift, First Citrus Bancorporation completed its acquisition by DFCU Financial in January 2023 through an all-cash transaction valued at approximately $100 million, integrating First Citrus Bank into DFCU's operations and rebranding its Florida branches under DFCU Financial to expand product offerings including mortgages, consumer loans, and investment services across Michigan and Florida. Post-acquisition, former First Citrus Bank President and CEO John M. Barrett serves as Florida Market President and Chief Commercial Services Officer, driving growth in the Florida market while leveraging the combined entity's approximately $7.1 billion in assets and 33 branches as of early 2023. Recent performance updates indicate the acquisition has exceeded profitability expectations, achieving three years of projected net income within two years of closing, with no active institutional ownership reported for FCIT following the transaction.
First Citrus Bancorporation, Inc. Closes Third Quarter 2021 With Net Earnings Growth of 51%, Deposit Growth of 30%, and Loan Growth of 16%
Ribbon Cutting Ceremony Celebrates Opening of First Citrus Bank in the Heart of Downtown St. Petersburg
First Citrus Bancorporation, Inc. Reports Continued Record-Setting Growth in 2021 Second Quarter and Strong Asset Quality
Two St. Pete Artists Receive Awards from First Citrus Bank during Morean Arts Center's Orange! The Exhibition
New Mural Emerges in the Heart of Downtown St. Petersburg at First Citrus Bank
#1 Florida Community Bank is in Tampa Bay; First Citrus Bank Leads for Second Consecutive Year
First Citrus Bancorporation, Inc. Reports Record-Setting Growth in 2021 First Quarter
First Citrus Bank Will Expand into Pinellas County with Full-Service Bank in Downtown St. Petersburg
First Citrus Bancorporation, Inc. Raises Cash Dividend Five Consecutive Years
First Citrus Bancorporation, Inc. Closes Fourth Quarter 2020 With Net Earnings Growth of 23% and Deposit Growth of 37%