On August 25, 2026, Gulf Winds Credit Union, Pensacola, Florida, announced that it had entered into a definitive agreement to acquire Madison County Community Bank, Madison, Florida, the wholly-owned subsidiary of Madison Community Bancshares Corporation.

Gulf Winds Credit Union has more than $1.3 billion in assets and serves approximately 75,000 members across 12 full-service branches throughout Florida and Alabama.

Madison County Community Bank has approximately $200 million in assets and operates two branches in Madison and Perry, Florida.

Luse Gorman is serving as legal counsel to Gulf Winds Credit Union in the transaction. The Luse Gorman team includes Jeff Cardone, Michael Brown, Brendan Saxon, and Babette Schwartz.

Luse Gorman has acted as counsel on more than 150 bank and credit union M&A transactions during the past ten years and more bank and credit union M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.