Gulf Winds Credit Union agrees to buy another bank ahead of rebrand

Gulf Winds Credit Union in Pensacola, Fla., has agreed to buy Peoples Exchange Bank in Monroeville, Ala.

The $1.3 billion-asset Gulf Winds did not disclose how much it will pay Peoples Exchange Bancshares for its $212 million-asset bank. Regulatory approval is expected in mid-2027, with integration by early 2028.

Gulf Winds agreed in August to buy Madison County Community Bank in Madison, Fla. It also plans to  rebrand as TruWorth Credit Union.