Missouri, Midwest Corporates To Merge

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Missouri Corporate CU said it has reached a preliminary agreement to merge with Midwest Corporate FCU, Bismarck, N.D., to create a regional corporate with about $1 billion in assets.

Plans call for the new corporate to be based in St. Louis and operate a regional office out of Bismarck. The combination falls short of a proposal by Missouri Corporate President Dennis DeGroot to combine as many as six smaller midwest corporates, but DeGroot said he is still interested in pursuing his regional plan.

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