Update to our previous article:
Brenda M. O’Neil Chairman and Chief Executive Officer of Preferred Community Bank said, “We are only acquiring the Lehigh Acres branch of Reliance Bank.” She went on to say “Preferred Community Bank is 100% committed to the community of Lehigh Acres.”
Richard M. Sems President and CEO of Reliance Bank confirmed the acquisition of the Lehigh Acres Reliance branch by Preferred Community Bank that is in the hands of the FDIC for approval. Sems would not comment on the Reliance branch in Ft Myers at this time or any employee layoffs in the future.
Preferred Community Bank is now waiting for Federal approval to acquire only Reliance bank in Lehigh Acres.
Oct 18, 2015 article: Preferred Community Bank is now waiting for Federal approval to acquire both Reliance banks in Lee County. According to unnamed sources the bank employees at Reliance have been interviewed by Preferred Community to see they will do with the employees.
Preferred Community Bank in Lehigh Acres is waiting for the last of the diligence from Culver’s Restaurant to sell their current property to them.
The unnamed source believes those transactions will happen within the next 90 days