Branch deals

Despite what one critic says, Alaska USA Federal Credit Union’s acquisition of branches from TCF Financial will help underserved communities in Arizona.

Despite what one critic says, Alaska USA Federal Credit Union’s acquisition of branches from TCF Financial will help underserved communities in Arizona.

The Wyoming-based credit union will gain about $100 million in deposits as a result of the deal.

Blue Federal Credit Union in Wyoming will also gain about $100 million in deposits.

Alaska USA Federal Credit Union will nearly double its operations in Phoenix after it buys the locations.

The Anchorage-based credit union has agreed to purchase seven Phoenix-area branches from TCF, nearly doubling its presence in that market.

The company also disposed of a large agricultural loan that was nonperforming.

The move will allow MVB to devote more resources to Northern Virginia and its fintech business.

The company will buy two suburban locations from North Shore Bank.

Academy Bank in Kansas City, Mo., which shuttered nearly a quarter of its branches between 2015 and 2018, is now in expansion mode. Its CEO explains his renewed affinity for brick and mortar.

The banks, which plan to merge as Truist Financial, are expected soon to start selling hundreds of branches in the Southeast to satisfy antitrust concerns and increase efficiency.

The Louisiana company will enter two new markets after it buys the locations.

The company will also gain deposits and loans from its deal with Republic Bancorp.

The purchase of Ben Franklin Bank is the latest deal in a year that has seen a record number of CUs buying out the competition.

First American Bank agreed to sell its Iowa branches to GreenState just weeks after arranging the transfer of its Florida locations to another credit union.

The North Carolina company will have two branches remaining in South Carolina after the sale closes.

MidFlorida Credit Union has agreed to buy the $730 million-asset Community Bank & Trust of Florida in Ocala.

The acquisition also includes $525 million in deposits and $120 million in loans.

Spokane Teachers Credit Union will transfer the assets and liabilities to a nearby branch.

The Banner branch in Sandpoint, Idaho, will be closed and its assets and deposits will be transferred to a nearby STCU location once the deal is completed.