AEB: Fidelity Bank grabs up more of Northeast Florida market share with local acquisition

Continuing its push into Florida, Fidelity Southern Corporation has entered into a pending agreement to acquire Jacksonville-based American Enterprise Bank. According to the terms of the conditional takeover, Atlanta-based Fidelity Bank would acquire all of the common stock of American Enterprise for approximately $27 million, based on the closing stock price on Oct. 23. American Enterprise operates two branches in Jacksonville, with $205 million in assets, $156 million in loans and $177 million...