Tuesday, January 15, 2019

Vystar CU to Acquire Florida Community Bank

VyStar Credit Union (Jacksonville, FL) announced it has signed an Agreement and Plan of Merger to acquire Citizens State Bank (Perry, FL).

Citizens State Bank has four branches and over $280 million in assets.

Vystar Credit Union has more than $8.2 billion in assets and serves 49 counties in Central and North Florida and 4 counties in Georgia.

The transaction is expected to close midyear, and it is subject to standard closing conditions and Citizens State Bank shareholder and regulatory agency approvals.

The price of the transaction was not disclosed.

Read more.
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