Mmastodon BusinessBanking first seen 8 h ago, last 18 min ago, peak #3

Gulf Winds Credit Union to buy second bank in a month

Original: Florida credit union to buy 2nd bank in a month Gulf Winds Credit Union agreed to buy Madison County Community Bank in A

Gulf Winds Credit Union, based in Florida, has agreed to acquire Peoples Exchange Bank in Alabama, its second bank purchase in a month after agreeing to buy Madison County Community Bank in August. The credit union plans a rebrand next year, and the rapid back-to-back deals are drawing attention in banking circles as credit unions increasingly acquire traditional banks.

Why now: A credit union buying two banks in quick succession is unusual and reflects the broader trend of credit union-bank acquisitions reshaping the industry

Gulf Winds Credit UnionMadison County Community BankPeoples Exchange Bank

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Rank over time, top of the chart is #1. 8 snapshots from 8 h ago to 18 min ago.

Evidence

• Florida credit union to buy 2nd bank in a month Gulf Winds Credit Union agreed to buy Madison County Community Bank in August. Now it’s following up with a deal for Alabama’s Peoples Exchange Bank before a scheduled rebrand next year. https://www. bankingdive.com/news/gulf-wind… · AlexJimenez@mas.to · 1

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