SBCP Profile
Sunshine Bancorp, Inc. (SBCP) is a bank holding company that operates through its subsidiary, Sunshine Bank, a federally chartered commercial bank. The company provides various banking products and services to individuals and businesses in Florida. Its services include deposit products, such as checking and savings accounts, certificates of deposit, and money market accounts; and loan products comprising residential, commercial, and consumer loans.
The company was founded in 2010 and is headquartered in Plant City, Florida. As of December 31, 2020, Sunshine Bank had 18 branches located throughout the state of Florida.
In recent years, Sunshine Bancorp has undergone significant growth through mergers and acquisitions. In 2018, the company completed the acquisition of FBC Bancorp, Inc., and in 2020, it acquired Florida Bank of Commerce. These acquisitions have expanded the company's footprint and product offerings in the state of Florida.
Like many banks, Sunshine Bancorp faces risks related to changes in interest rates, credit quality, and competition. However, the company has taken steps to mitigate these risks, such as diversifying its loan portfolio and implementing risk management strategies.
Overall, Sunshine Bancorp's focus on expanding its presence in Florida and offering a range of banking products and services could position it for continued growth and success in the future.
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