First Credit Union Just The Latest To Enter Into Merger

Register now

St. Mary's Bank Credit Union, the nation's first credit union, said it will absorb via merger the $25-million Gateway Credit Union. GCU serves 8,000 members and was established in 1961 in Nashua, N.H. and is now open to the local community. The $500-million St. Mary's Bank said the merger will give it a foothold in the Nashua region. The merger must still be approved by members of Gateway CU and regulators.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER