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Second bank aquisition for a Florida credit union.The $1.1 billion IBM Southeast Employees Credit Union plans to acquire the $341 million Oculina Bank pending regulatory approvals, the Delray Beach, Fla.-based cooperative said Thursday.
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The new designation will enable the Santa Rosa-based cooperative to serve 400 marijuana businesses and their 15,000 employees.
After cutbacks last year, Navy Federal plans on opening 11 new branches in 2021.
Last year only 130 mergers were approved - a new low, down from the 142 consolidations in 2019.
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