News

American Banker: Skyway Capital Markets Involved in 3 of the 4 Credit Union Deals in Florida this Year

American Banker

Excerpt:

The $655 million-asset Power Financial Credit Union in Pembroke Pines, FL announced that it had agreed to buy the $204 million-asset TransCapital Bank in Sunrise, FL.

The deal is expected to close in the third quarter.

This marks the fourth deal announced this year where a credit union is acquiring a bank.  In each case, the seller was based in Florida.

Skyway Capital served as Power Financial’s financial advisor, making it their third deal of this kind in 2019.

Share this post

Related News

Learn how Skyway Capital Markets can accelerate your growth.