Bank branch finds new life as a credit union

Lake Michigan Credit Union is moving into a SunTrust office.

By Business Observer Staff
| 10:56 a.m. October 27, 2019
| 0 Free Articles Remaining!

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The surest sign yet that the banking industry is going through an upheaval amid a surge in consolidation? A SunTrust Bank office in Lee County is getting a fresh start … as a credit union branch.

A decade ago, SunTrust was a regional banking power on the west coast of Florida, both in commercial loans and personal banking. Credit unions were a minor part of the financial services landscape, with a few big players.