MidFlorida Credit Union’s pending merger and acquisition deals with two banks allows the Lakeland-based institution to spread its footprint into fast-growing portions of Northeast and Southwest Florida, the Business Observer reports. The credit union’s first bank purchases also signal a new growth strategy of becoming a non-bank bank, the weekly newspaper reports.

Source: Business Observer

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Barry Friedman

barry@lkldnow.com

Barry Friedman founded Lkldnow.com in 2015 as the culmination of a career in print and digital journalism. Since 1982, he has used the tools of reporting, editing and content curation to help people in Lakeland understand their community better.

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