Destin Bank, the city's largest in market share, was looking for growth opportunity to expand its presence as a highly regarded team of bankers into the Destin, Pensacola and Panama City markets. idgroup was engaged in helping to position Destin Bank as a leader in financial services.
Through a series of core dialogues with board members, idgroup uncovered their true assets - an enduring sense of community and untapped potential with the real estate industry.
Cross-selling a variety of financial services helped the small company develop into Destin Bank Financial Institution, with a multi-story main office and 10 additional branch locations throughout the Gulf Coast. Their impressive growth and gains in the real estate banking industry, as well as approximately $500 million in assets, resulted in their eventual purchase by Whitney Bank for its largest ever acquisition in Whitney Bank's history. The transaction was valued at approximately $115 million.
