The Tampa Bay market in Florida is such prime territory for MIDFLORIDA Credit Union that the cooperative is on a mission to build its presence there.
The $1.6 billion MIDFLORIDA announced plans last week to assume the area branches, assets and membership of the $3 billion Space Coast Credit Union.
Subject to regulatory approval, both the $1.6 billion MIDFLORIDA and the $3 billion Space Coast are calling the move a spin-off rather than a merger. If approved, the spin-off is planned to be completed July 1, 2012.
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