ALBANY, N.Y. – On May 31 the merger of Empire Corporate FCU and CorpStar FCU was officially completed. Empire picked up 62 South Dakota CUs in the deal and about $118 million in assets. Empire Corporate is maintaining CorpStar's former headquarters in Sioux Falls, S.D., as a branch office. This was one of the fastest closing corporate mergers. Announced in early May the deal was completed in one month's time, including CorpStar member CU approval and NCUA approval. Empire Corporate now has $4.2 billion in assets. There are officially 34 corporate CUs, soon to be 33 when the SunCorp/Nebraska Corporate Central FCU deal closes.
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