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PenAir Credit Union Celebrates Ribbon Cutting and Grand Opening of Panama City Beach Branch

Pensacola, Florida (November 12, 2026) – PenAir Credit Union (PenAir) proudly celebrated the ribbon cutting and grand opening of its newest branch in Panama City Beach on Tuesday, November 10. This marks another exciting milestone in the organization’s continued growth across the Gulf Coast. 

Located at 11840 Panama City Beach Parkway, the Panama City Beach branch officially opened its doors to members on October 26, bringing a modern, member-focused banking experience to one of Northwest Florida’s most well-known communities. The ribbon cutting ceremony brought together PenAir leadership, the Board of Directors, local officials, community partners, and members to commemorate this important investment in the Panama City Beach community. 

people gathered at ribbon cutting
PenAir Credit Union President/CEO Lee Morgan and Board Chair Stephanie Oram are joined by Panama City Beach community leaders for the ribbon cutting ceremony of the credit union’s newest branch in Panama City Beach.

“This new branch represents purposeful growth for PenAir. It’s about strengthening our ability to serve members and making sure each step forward reflects why we’re here,” said Lee Morgan, President and CEO of PenAir Credit Union. “That’s why Panama City Beach matters to us. It’s a commitment to be more present in our members’ everyday lives and to meet them where they are.” 

The ceremony featured remarks from Derrick Aguilar, SVP and Chief Experience Officer; Lee Morgan, President and CEO; Stephanie Oram, Board Chair; and Panama City Beach Vice Mayor Michael Jarman, highlighting the strength of community partnerships and continued growth in the region. 

“Panama City Beach continues to grow and with that growth comes the need for businesses that are committed, not just to serving customers, but becoming the community,” said Michael Jarman, vice mayor of Panama City Beach. “That’s what makes today so important. When a business chooses to invest in Panama City Beach like PenAir Credit Union has, it’s a vote of confidence in our city, our residents, and most importantly, our future.” 

As part of the celebration, PenAir presented a donation to Girls Inc. of Bay County, a nonprofit organization committed to creating a supportive space where girls can learn, grow, and build lasting connections. This contribution reflects PenAir’s commitment to Communerosity®, the credit union’s core value of giving back and supporting the communities it serves, by investing in initiatives that strengthen families and improve overall well-being. 

Designed with the member experience in mind, the Panama City Beach branch blends innovative technology with personalized service to create a welcoming, efficient environment. The space is built to foster meaningful connections, provide financial guidance, and support the financial wellness goals of individuals, families, and local businesses.  

PenAir’s expansion into Panama City Beach reflects its continued focus on strategic growth and deepening its presence in Bay County and surrounding areas. For more information about PenAir Credit Union and its services, visit penair.org. 

About PenAir Credit Union  

Established in 1936, PenAir Credit Union has been a bold force for good, uniting community, resources, and impact. With assets surpassing $2.7 billion, PenAir is dedicated to enhancing the lives of its members from Mobile, Alabama, to Tallahassee, Florida, and Southwest Virginia. As a member-owned institution, PenAir prioritizes individual needs, ensuring tailored solutions for financial success. Beyond financial services, PenAir actively contributes to community growth through education, development projects, and charitable endeavors. Learn more about how PenAir is building a legacy of economic empowerment and community enrichment at https://www.penair.org. 

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