Purchase would mark fourth credit union takeover of bank in past year and a half.
During a closed meeting, the NCUA Board unanimously approved Landmark Credit Union’s acquisition of Hartford Savings Bank, subject to approval from the FDIC, according to a Board Action Bulletin posted last week on the NCUA’s website.
Landmark has completed 10 credit union mergers in the past three years. This is its first acquisition of a bank.
Massachusetts credit union's assumption first of its kind in the United States, credit union's president says.
Purchase would be third credit union takeover of bank in past year.