CU's move expands services into southern Florida. CU’s move expands services into southern Florida. (Source: Shutterstock)

Florida’s largest credit union, the $10.4 billion Suncoast Credit Union in Tampa, plans to buy the $746 million Apollo Bank in Miami, making it the financial industry’s largest credit union bank acquisition to date.

The signing of a definitive agreement was announced on Tuesday. Financial terms of the deal were not disclosed.

Peter Strozniak

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