TAMPA, Fla. (5/29/14)--Looking to provide more access for its members in the Sarasota area, Floridacentral CU has initiated the purchase of a First Federal Bank branch.
"We don't have a touch point there, and we've wanted to be in that area for some time," Vice President/Chief Marketing Officer Brian Robinson told News Now Wednesday.
Bradenton and Port Charlotte are the two branches furthest south for the $386 million-asset credit union, which is based in Tampa. Adding the Sarasota branch would fill a gap in the region and make the credit union more convenient for its members who live in the area.
President/CEO Laida Garcia told the Tampa Bay Business Journal that Floridacentral is "healthy and strong" and has been waiting for the right opportunity to expand (May 28).
Pending approval from state and federal regulators, the purchase is expected to be completed by July.