Bill Zonghetti and Larry Bank will join the company as executive vice presidents.

The combined company brings together two complementary portfolios, increasing the size, scale, and diversification of the new entity.

BC could use the potential cash injection to help develop existing businesses plus new strategies like real estate and credit, one of the people said

With the additional guidance provided with these new regulations, I expect to see a significant uptick of investments in those and other areas in South Florida, including Coral Gables, Allapattah, and up the coast into Fort Lauderdale and Hollywood.