Articles & Analysis | CEO Advisory Group

New Trend? Credit Union Acquires Bank

Written by Glenn Christensen | Aug 6, 2014, 10:21:41 PM

A new trend seems to be shaping up as more credit unions are considering bank acquisitions as part of  their growth plans.

Tallahassee-based First Commerce CU has announced plans to acquired First Commercial Bank of Crestview, FL.

With the acquisition the credit union will acquire 3 branches and $85 million in assets.

See press release.