Mid-States and Empire Take Another Merger Step

WARRENVILLE, Ill. and ALBANY, N.Y. – In a sign that the merger is progressing, Mid-States Corporate and Empire Corporate have filed their merger application with NCUA. The corporates also announced a series of town hall meetings in both corporates’ geographic areas to provide merger information to member credit unions. An invitation and schedule of these meetings will be mailed soon to the combined 2,100-plus credit union members, and posted on both Empire’s and Mid-States’ websites. If the merger is approved by NCUA, Empire’s members will have to vote on the merger. The corporates have decided to keep the Mid-States’ charter. The corporates have said they will not use either the Mid-States or Empire name, but will rebrand the new corporate. Empire Corporate CEO Joe Herbst will be the CEO, with Mid-States CEO Dave Preter serving as president.