Marine Bancorp of Florida, Inc.
MBOF
Other OTC43.75
USD
- -
- -
ISIN
US56813P1030
CUSIP
56813P103
Return %
Stock
S&P500
1Y
11.32
19.01
3Y
78.57
65.48
5Y
112.38
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- William J. Penney
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 571 Beachland Boulevard Vero Beach FL United States of America 32963
- IPO Date
- Mar 19, 2020
- Website
- marinebankandtrust.bank
- Similar Companies
- Business
- Marine Bancorp of Florida, Inc. (MBOF) operates as the holding company for Marine Bank & Trust Company, which provides a range of community banking products and services to individuals, businesses, and real estate customers in east central Florida. Marine Bank & Trust offers personal and business checking, savings, money market, and individual retirement accounts; certificates of deposit; debit and credit cards; residential mortgage and lot loans, FHA loans, personal and consumer loans, commercial real estate loans, construction loans, small business administration loans, USDA loans, and condominium and homeowner association loans; home equity loans and lines of credit; commercial lines of credit; and construction-permanent mortgage services. The bank also provides treasury management, association banking, merchant services, bill pay, medical practice solutions, online banking, mobile banking, and telephone banking. Founded in 1997 and headquartered at 571 Beachland Boulevard in Vero Beach, Florida, the company maintains banking centers in Vero Beach, Sebastian, Melbourne, Fort Pierce, and Port St. Lucie, serving the Indian River County and surrounding regions. In June 2024, Marine Bancorp entered into a definitive agreement for its subsidiary Marine Bank & Trust to be acquired by ELGA Credit Union in an all-cash transaction valued at $43.75 per MBOF share, a deal unanimously approved by both boards and expected to close in early 2025 or delayed into 2026 pending regulatory and shareholder approvals; upon completion, the combined entity will manage approximately $2.2 billion in assets across 18 branches in Michigan and Florida, with MBOF shares delisted from OTC markets.
Marine Bancorp of Florida, Inc. Advises Shareholders of Pending Closure of Merger with ELGA Credit Union