$233 Million Bank Acquisition

Union Bank of Florida
Representation of Union Bank of Florida in its acquisition by Colonial BancGroup, Inc., for $233 million. Prior to the acquisition, Union Bank had total consolidated assets of approximately $1 billion and was the 43rd largest insured depository institution in Florida, controlling deposits of approximately $686.7 million. After the acquisition, BancGroup became the eighth largest depository organization in Florida, controlling deposits of approximately $6.3 billion.
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Alan D. Axelrod

Alan D. Axelrod

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Richard M. Goldstein

Richard M. Goldstein

Partner, Tax and Estate Planning Group Chair
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Representation of B piece and special servicer clients, handling in excess of $22 billion in new securitizations in 2013-14.
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