Excerpt:

When Vystar CU agreed to acquire the assets of Perry, Fla.-based Citizens State Bank, it marked the first deal of the New Year involving a credit union buying a bank.  At closing the deal would be the largest U.S. credit union ever to buy a community bank, according to S & P Global Market Intelligence data.

U.S. credit unions announced nine deals to acquire banks in 2018.  There were six credit union-buying-bank deals announced in 2017.

Skyway Capital Markets served as financial advisor on the transaction.

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