DUBUQUE, Iowa – Dupaco Community CU yesterday said it has reached an agreement to purchase a branch from East Dubuque Savings Bank, a local institution.
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No customer accounts are being included in the transaction, which is effective June 30.
The bank cited current economic conditions and the banking environment in selling the branch.
Dupaco President Bob Hoefer said the new branch will bring another location to members on the west side of town, and allow it to move some back office operations, as well. The deal has been approved by regulators. EDSB will serve customers from two other branches.
