- Business
- First Miami Bancorp, Inc. (FMIA) is a bank holding company that, through its wholly-owned subsidiary First National Bank of South Miami, provides retail and commercial banking services to individuals, small businesses, and high-net-worth clients in the Miami-Dade County area of Florida; core deposit products include checking, savings, and term certificate accounts; lending products encompass commercial real estate financing, commercial lines of credit, equipment financing, letters of credit, residential investment property financing, small business administration loans, consumer loans, auto loans, boat loans, and other secured term loans; the bank also offers trust and wealth management services with approximately $320 million in assets under management, private banking, online and mobile banking, cash management, credit and debit cards, remote deposit capture, positive pay, investment services, and fiduciary services. Founded in 1952 and headquartered at 5750 Sunset Drive in South Miami, Florida, the company historically operated three branches in South Miami, The Falls, and Coral Gables, focusing on personalized service in the high-growth Miami metropolitan market. In July 2023, First Miami Bancorp completed its acquisition by United Community Banks, Inc. (NASDAQ: UCBI) in an all-stock transaction valued at approximately $116 million, after which First National Bank of South Miami merged into United Community Bank and its branches transitioned to the United Community brand by October 2023, expanding United's footprint to over 200 locations across six states; as of late 2025, FMIA stock continues to trade on OTC Markets with limited activity and no reported subsequent major changes, partnerships, or expansions.