Thursday, October 3, 2019

Fairwinds CU Completes Acquisition of Friends Bank

Fairwinds Credit Union (Orlando, FL) completed its acquisition of Friends Bank (New Smyrna Beach, FL) on October 1.

The merger will double the number of branches of Fairwinds CU in Volusia County.

Read the press release.

1 comment:

  1. would be interesting to see at year end how many of these transactions took place in 2019, and how much tax paying assets are now under tax exempt credit unions.

    Lines are really blurry on how a CU is so different from a bank if you can easily buy a bank and roll it into your current operations.

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