Florida continues to a hotbed for credit union bank acquisitions. (Source: Shutterstock)

The $654 million Power Financial Credit Union in Pembroke Pines, Fla. said Wednesday it signed a definitive agreement to buy the $204 million TransCapital Bank in Sunrise, the fourth proposed bank acquisition made by a Florida credit union in the first quarter.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.