Regulatory Alerts2026-06-09
Added · Updated
Final Order of Approval for Indirect Controlling Interest in Commerce Bank & Trust and Trivergent Trust Company
The Florida Office of Financial Regulation approved Mrs. Sharon M. France's application to acquire an indirect controlling interest in Commerce Bank & Trust and Trivergent Trust Company by purchasing a majority stake in Commerce National Bankshares of Florida, Inc. The approval is contingent upon satisfying specific conditions, including Federal Reserve Bank of Atlanta non-objection, maintenance of current executive management, and adherence to strict reporting and business plan requirements. The Applicant waived her right to an administrative hearing, allowing the Office to issue this final order effective June 5, 2026, with approval expiring six months unless extended.
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