Florida

Fairwinds Credit Union in Orlando is set to buy Friends Bank, the third time this year a Florida-based bank has agreed to sell to a credit union.

Fairwinds Credit Union's deal for Friends Bank marks the third time this year that a Florida bank has agreed to be sold to a credit union.

OnApproach was launched in 2005, while Trellance was launched just two years ago as a division of CSCU

Boat sales have increased since the financial crisis, creating an opportunity for credit unions, but a number of risks mean institutions should tread carefully.

After a 50% increase in bank acquisitions by credit unions last year, analysts are predicting even more deals in 2019.

The former chief executive at Everglades FCU is banned from any involvement in federally insured financial institutions.

It could be time for credit unions to rethink emergency plans after a second active shooter struck a bank branch in about four months, industry experts said.

The Lake Mary, Fla., credit union has agreed to buy Fidelity Bank of Florida, which the SBA designated as a certified lender in 2017.

Police in Sebring, Fla., have yet to determine a motive for the attack in which four SunTrust workers and one customer were killed. The shooter, Zephen Allen Xaver, has been arraigned on five counts of first-degree murder.

The Florida company's earnings increased after it completed a big acquisition and produced strong year-over-year loan production.

The deal for Citizens State Bank is part of VyStar's plan to expand throughout Florida and Georgia.

The tricky part: raising awareness without appearing to take advantage of borrowers at a time when agencies like the SBA are out of commission.

Silver River Community Bank is the fifth de novo in Florida to apply with the FDIC in the last three years.

The Jacksonville, Fla.-based credit union purchased the facility from Atlantic Coast Bank for $2.2 million.

Merchants has agreed to buy NattyMac, a company it has been in business with since 2014.

The Panama City, Fla.-based institution has given $50 to members impacted by the storm while also providing free gas, Thanksgiving turkeys and more.

The Florida company will have more than $16 billion in assets, along with increased scale in Georgia, when it buys National Commerce.

Loan growth in both states exceeded the national average through the first half of the year, along with improvements in delinquencies and average assets.

CUs in Kansas, Missouri, Texas and Florida have joined the Kansas City-area credit union service organization.

The North Carolina regional bank will gain four locations and $834 million in loans.