First Florida CU Buys Vacant Branch From FDIC

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JACKSONVILLE, Fla. – First Florida CU has acquired an empty branch of a failed bank from the FDIC for $995,000.

The office had been used by People’s First Community Bank of Panama City. That bank, which had four local branches, was taken over by Hancock Holding Co. of Gulfport, Miss., in December 2009.

The credit union plans a May opening.

First Florida, which has assets of $366 million, has nine other branches in Jacksonville, Tallahassee and the Orlando area.

 

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