Growth Strategies

All but two of the six credit union bank purchase deals announced between January and June this year have been in Florida.

GreenState CU's acquisition will yield $470 million in deposits, $200 million in loans and 10,000 members.

There is not a “natural” economic reason for this expansion to end.

GCUL's Mike Mercer is "very confident" member credit unions will give nod to the consolidation.

Pending regulatory approval, the deal is expected to close at the end of the year.

If approved by shareholders and regulators, the Pinnacle Bank purchase should finalize during the fourth quarter.