Regulatory Alerts2026-07-14
Added · Updated
Final Order — Credit Union
The Office of Financial Regulation approves the merger of First Southern Bank into Community First Credit Union of Florida, resulting in the surviving entity retaining the title "Community First Credit Union of Florida." The approval is subject to conditions including NCUA and FDIC consent, payment of at least $59 million, and compliance with membership expansion plans for former bank customers. The Office retains the right to alter, suspend, or withdraw approval until all conditions are met, and the merger approval expires six months from the order date unless extended.
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