Anderen Bank and 1^st United Bank Have Become One! 

A few months ago, the Anderen Bank Board of Directors signed an agreement with 1^st United Bancorp to merge with 1^st United Bank.  1^st United Bank received the required regulatory approvals and the shareholders of Anderen Bank approved the proposed transaction.  Effective, April 1, 2012 Anderen Bank merged into 1^st United Bank.   With the merger of Anderen Bank, 1^st United Bank is approximately $1.6 billion in assets, with one of the largest and strongest capital bases among banks headquartered in Florida.  

The integration of our systems will occur in two phases; our loans will be completed in April 2012, and our remaining systems will be completed in mid-June 2012.  The name on the existing Anderen Banking Centers and any correspondence related to your deposit accounts will continue in the name of Anderen Bank until mid-June 2012.  We would like to assure you that your accounts are safe, secure, and completely accessible, and your combined FDIC coverage is at least $250,000 under the FDIC’s general coverage rules.  For more information about FDIC coverage of deposit accounts, visit www.FDIC.gov.  

You will continue to receive the same great service from the staff that has served you in the past.  All Anderen Bank branches will maintain the current business hours.  Online banking services are available as usual, through the Anderen website.  You may continue to use your existing checks and Debit Card.  If you have direct deposits or other automated transactions set up, they will continue without interruption.   

In the next few months, you will be hearing more about 1^st United Bank and the additional locations, products, and services available to you.  For information specific to your accounts with Anderen Bank, please speak with your branch representative at Anderen Bank.   

Our goal is simple. We are driven by a commitment to excellence to be 1^st in customer service.  At 1^st United Bank, you, our valued customer, are our focus. We look forward to continuing to serve your banking needs. 

                           NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE

                                       COVERAGE FOR TRANSACTION ACCOUNTS                    

All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.