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Archive for category: Mergers

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$1.1 billion IBM Southeast Employees’ Credit Union to Acquire $350 million The Oculina Bank

Another small bank has been absorbed by a massive credit union. From Bank Street Partners: DELRAY BEACH, FL (July 26, 2018) — The $1.1 billion IBM Southeast Employees’ Credit Union  (IB...

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Credit Unions Forced to Merge to Survive Taxi Medallion Losses

From the Credit Union Times: The NCUA’s approval of 29 mergers in January and February included the consolidation of an Arizona credit union that lost millions in taxi medallion participation loans, w...

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LGE Community Credit Union to acquire Georgia Heritage Bank

MARIETTA, GA (March 22, 2018) — LGE Community Credit Union has announced that it has entered into a definitive agreement to purchase Georgia Heritage Bank, a community bank with branches in Pauld...

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Evansville Teachers Federal Credit Union acquires Bank of Louisville

Evansville Teachers Federal Credit Union plans to acquire American Founders Bank of Louisville. The acquisition will allow ETFCU to expand its presence in the Louisville market, according to a news re...

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Two Wisconsin Credit Unions Join Forces to Make One, Huge, Half-Billion Dollar Credit Union

SUPERIOR, Wisonsin.-Superior Choice Credit Union and Dairyland State Bank have announced a merger agreement has been finalized between the two financial institutions. Pending regulatory approval, the ...

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Achieva Credit Union to Acquire Preferred Community Bank

DUNEDIN, FL (February 14, 2018) — Achieva Credit Union today announced it has signed a definitive agreement to acquire Preferred Community Bank, a Florida state-chartered bank in Lee County with $118 ...

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SRP Federal Credit Union to Acquire Burke County Bank

The metro area’s largest credit union announced Wednesday it intends to acquire a Burke County-based community bank. SRP Federal Credit Union said in a news release it has “signed a definitive agreeme...

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