Community Bank of Broward: Stonegate Bank to buy Community Bank of Broward

Stonegate Bank inked a deal to acquire Community Bank of Broward, one of its largest local competitors. The Pompano Beach-based bank (NASDAQ: SGBK) will pay common stock valued at $26 per share to owners of Weston-based Community Bank of Broward - compared to its closing price of $25.96 on Friday. The deal is valued at $61.2 million, or 140 percent of the seller's tangible book value. For comparison, the bank's net income of $1.7 million in the first half of 2014 was a return on equity of…