State sign for Florida. Source: Shutterstock.

The $274 million Harvesters Credit Union in Cantonment, Fla., plans to acquire the $216 million First National Bank Northwest Florida in Panama City, Fla., according to a joint statement from the financial institutions on Monday.

Though it opened in 1984, First National Bank Northwest Florida said in the prepared statement that it is the oldest local community bank in the area. Specializing in commercial lending, the bank’s 30 employees operate two branches.

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Peter Strozniak

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