Centennial parent firm buys Florida Traditions
Home BancShares Inc., the parent company of Centennial Bank, has acquired Florida Traditions Bank, which has eight locations, including branches in Dade City, Spring Hill, Zephyrhills and Plant City.
The combined company will have about $7 billion in assets, $5.5 billion in deposits, $4.7 billion in loans and 149 branches across Florida, Arkansas and south Alabama.
Bud Stalnaker, chief executive officer of Dade City-based Traditions, will become the division president for Centennial in Central Florida, managing the existing nine branches in Tampa and Orlando, as well as the former Florida Traditions branches. Stalnaker was the 2014 Florida Bankers Association's Banker of the Year.
A subsidiary of Arkansas-based Home BancShares, Centennial Bank provides a range of commercial and retail services.