First Florida Bank, N.A. v. Financial Transaction Systems, Inc.

PARKER, Judge.

First Florida Bank, N.A. (First Florida) challenges a final judgment entered in favor of Financial Transaction Systems, Inc. (FTSI). FTSI filed an action against First Florida, seeking to recover a termination fee which FTSI had assessed against First Florida when the latter withdrew as a member of FTSI’s nonprofit organization.

The only question raised in this appeal is whether the trial court erred in allowing FTSI to recover the termination fee from First Florida. We answer that question in the affirmative and reverse the trial court’s judgment.

FTSI is a nonprofit organization…