Branch deals

The Janesville, Wis.-based institution is set to move into a new downtown location in 2021.

Superior is the latest credit union to announce an acquisition involving a bank.

Bank of Princeton will also buy $190 million in deposits as part of the deal.

Superior is the latest credit union to announce an acquisition involving a bank.

The low-cost deposits it gained in its purchase of 52 Wells Fargo branches, combined with higher interest rates, lifted Flagstar's net interest margin.

Associated Banc-Corp in Green Bay, Wis., said Wednesday that it will close 17 branches as part of a previously announced deal to buy 32 branches from Huntington Bancshares.

Branch acquisitions, once a popular way to scale up in new markets, have started to go by the wayside in the digital age.

Balances from the 52 branches Flagstar bought from Wells Fargo fell by 22% between the deal's announcement and closing, forcing the Michigan company to adjust the math for earning back tangible book value.

Associated will gain low-cost deposits and branches in 13 new markets after the deal closes.

Citizens Community Bancorp is selling its Rochester Hills, Mich., office to Lake Michigan Credit Union.

The Alabama-based credit union will gain three locations, along with $138 million in loans, as part of a deal with Georgia-based Synovus Financial.

Jefferson Financial Federal Credit Union will gain three locations, along with $138 million in loans, as part of the transaction.

Colony Bankcorp has recruited two executives in addition to buying a branch and a vacant lot from Planters First Bank.

The low-cost deposits that come with the deal for 52 Wells branches in four states should fund the Michigan company's effort to become a commercial lender.

The company will snag its first branches in three towns in Connecticut and Rhode Island after buying locations from Webster Financial.

Peach State Federal Credit Union acquired a former branch of DOCO Credit Union after the latter made the decision to leave the Toccoa, Ga., market.

The company will also sell $58 million in deposits to West Gate Bank.

The Justice Department required the sales before signing off on MainSource's pending sale to First Financial in Cincinnati.

The divestitures are necessary to get the Justice Department to sign off on First Financial's $1 billion purchase of MainSource Financial.

Wings Financial Credit Union will also gain about $40 million in deposits and $10 million in loans.