Professional Bank to buy Palm Beach bank for $6.8 million

December 18, 2015 8:44 PM

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Professional Bank has struck a deal to buy FirstCity Bank of Commerce for $6.8 million.

FirstCity has one branch in North Palm Beach and about $62 million in deposits. It will be Coral Gables-based Professional Bank’s first location outside of Miami-Dade County. Both of its other branches are in Coral Gables. The bank said it plans further expansion in the tri-county area.

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