Proposed Credit Union Bank Buy Scuttled
At long last, state and federal regulators have taken a hard look at a massive proposed deal in which a super-large credit union attempted to purchase a bank with over $1 billion in assets. And finally, they appear to have grown tired of these antics, put their respective feet down and said, “enough is enough.”
Florida Credit Union Acquires Bank
The $654 million Power Financial Credit Union in Pembroke Pines, Fla. said it signed a definitive agreement to buy the $204 million TransCapital Bank in Sunrise, the fourth proposed bank acquisition made by a Florida credit union in the first quarter.