Region’s largest credit union buys $746 million bank

The deal, after closing, would push Suncoast Credit Union to $11 billion in assets.

  • By Business Observer Staff
  • | 8:47 p.m. December 3, 2019
  • | 0 Free Articles Remaining!
Courtesy. Kevin Johnson with Suncoast Credit Union.
Courtesy. Kevin Johnson with Suncoast Credit Union.
  • Tampa Bay-Lakeland
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TAMPA — The four year trend of credit unions buying banks in Florida has moved into a new phase: bigger banks.

This comes from Tampa-based Suncoast Credit Union, a $10.4 billon-dollar institution, which announced Dec. 3 it had acquired Miami-based Apollo Bank. Financial terms of the deal weren’t disclosed.

 

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