Credit union, bank abandon merger plan

Suncoast Credit Union had been in talks to acquire Miami-based Apollo Bank before the COVID-19 crisis.

  • By Business Observer Staff
  • | 2:50 p.m. May 12, 2020
  • | 0 Free Articles Remaining!
Suncoast Credit Union CEO Kevin Johnson. Courtesy photo.
Suncoast Credit Union CEO Kevin Johnson. Courtesy photo.
  • Tampa Bay-Lakeland
  • Share

TAMPA — The COVID-19 economic crisis has halted Suncoast Credit Union’s bid to acquire Miami-based Apollo Bank. 

The Tampa-based credit union — Florida’s largest and the 10th-largest in the nation — had been in talks to merge with Apollo since December. In a statement, Suncoast CEO Kevin Johnson says the decision to abandon the merger was mutual.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news
Subscribe

Already subscribed? Sign in.

Latest News

  • December 18, 2025
Kolter, Casto buy 19 acres in Parrish
  • December 18, 2025
Tampa Museum of Art director to retire
  • December 18, 2025
ESPN report: Naples' Hoffmann family buying NHL hockey team
  • December 18, 2025
4-acre entertainment district to be built in downtown Tampa

Sponsored Content