Credit union gets bigger — and dismantles more of the community bank model

Suncoast Credit Union seized the buy-to-grow strategy when faced with a obstacle to its asset expansion.

  • By Business Observer Staff
  • | 8:00 a.m. December 20, 2019
Mark Wemple. Kevin Johnson says the acquisition of Miami-based Apollo Bank will help Suncoast Credit Union make headway in the South Florida market.
Mark Wemple. Kevin Johnson says the acquisition of Miami-based Apollo Bank will help Suncoast Credit Union make headway in the South Florida market.
  • Finance
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It’s not every day you see a credit union buying a bank in Florida. And never before has the target been this big.

 

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