The Bank Slate


Newly formed company plans to buy Florida bank

A newly formed company is looking to buy a bank in Dade City, Fla. 

Aiden Florida Bancshares in Rancho Santa Margarita, Calif., has agreed to buy a 65% to 80% stake in Florida Bancshares, the parent company of First National Bank of Pasco, according to a notice from Hovde Group. 

Hovde, which represented the $276 million-asset First National Bank of Pasco, did not disclose the price of the all-cash transaction.

Aiden Florida filed its incorporation papers in Florida in mid-November, listing Fadi Cheikha as its incorporator. Cheikha is CEO of US Alliance Group, according to his LinkedIn profile. 

US Alliance Group provides payment processing and merchant services, among other things. 

Cheikha is also president of Aiden Whisper, a nonprofit that provides education, training and support programs. 

Efforts to reach Cheikha were not immediately successful.

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