Achieva Credit Union has set a new precedent in a recent Florida bank merger (Calusa Bank), which could have significant ramifications on credit unions looking to do the same in the near future. And from the latest trends with credit unions taking over banks becoming more and more common (as opposed to the other way around), it appears it could come to fruition.
To get the details on this milestone merger, we invited Howard & Howard Attorney Michael Bell on the program who was in the mix with this deal. We discussed such items as how the deal/merger was structured, why it was a merger, why this is a game changer, what does it mean for future deals, and advice for other credit unions looking to venture down this bank merger road. Check it out and let us know what you think.
Mike Lawson, Host
Married to a most gorgeous and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.