Friday, January 25, 2019

Central Florida Educators FCU to Acquire Florida Bank

Central Florida Educators Federal Credit Union (Lake Mary, FL) has announced a deal to acquire Fidelity Bank of Florida (Merritt Island, FL).

Central Florida Educators Credit Union has $1.9 billion in assets.

Fidelity Bank of Florida has $174 million in assets and two offices -- one in Seminole County and the other in Brevard County.

The transaction, which awaits regulatory and shareholder approval, is expected to be completed in the third quarter of 2019.

The price of the deal was not disclosed.

Read the press release.

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