As featured in South Florida Business Journal -

Union Credit Bank to get $15M from new owner 

Miami-based Apollo Bancshares plans to buy a majority stake of Union Credit Bank and invest $15 million into the Miami-based
private bank.

The investment will restore Union Credit Bank to "well capitalized " status under regulatory guidelines. As of Sept. 30, the $154 million-
asset bank had its total risk-based capital ratio slip to "adequately capitalized" after it suffered a $3.8 million loss in the third
quarter.

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