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American Banker: Florida Remains a Popular Market for Credit Unions Buying Banks

February 22, 2019

American Banker

Excerpt:

Florida remains a popular market for credit unions keen on buying community banks.

The $2.2. billion-asset Fairwinds Credit Union in Orlando has agreed to buy the $95 million-asset Friends Bank in New Smyrna Beach.

The deal is expected to close in the third quarter.

Fairwinds was advised by Shutts & Bowen and Skyway Capital Markets.

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