Gulf Winds Credit Union has agreed to buy Madison County Community Bank in Madison, Fla.
The $1.3 billion-asset credit union said in a press release that it will also rebrand as TruWorth Credit Union beginning in the spring. Gulf Winds didn’t disclose how much it will pay Madison Community Bancshares for its $212 million-asset bank.
“We’re going to have the same people, just more,” Gulf Winds President and CEO Daniel Souers said in a video announcing the acquisition. “We’re going to have the same commitment to our community, but just more resources to do it. And we have the same shared values together.”
Final regulatory approval is expected in mid-2027, with full integration likely in early 2028.