OMAHA. Neb. - First National Bank of Nebraska has announced that it has acquired the $49 million credit card portfolio of Eastern Financial FCU, Miramar, Florida. The portfolio acquisition closed in late April, with conversion of member accounts slated for October of this year. Terms of the agreement were not disclosed. "This alliance with Eastern Financial substantially strengthens First National's presence in the Florida market, since the businesses in Eastern's field of membership represent many of the largest and most respected employers in the southeast," said Elias Eliopoulos, executive vice president of First National. Eastern Financial FCU has approximately $1.15 billion in assets and serves 155,000 members. The credit union could not be reached for comment.
Eastern Financial FCU sells card portfolio to First National of Nebraska
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