ALBANY, N.Y. – The members of the $3.8 billion Empire Corporate have overwhelmingly approved the proposed merger with the $5.2 billion Mid-States Corporate.
The merger is expected to be finalized by the end of June. The newly merged corporate will assume the Mid-States' charter and take the name Members United Corporate FCU. It will be headquartered in Warrenville, Ill. in the headquarters of the existing Mid-States. Empire Corporate President/CEO Joe Herbst will become the CEO of the new corporate and relocate to Warrenville, Ill.
“We are very pleased that Empire's membership voted in such a resoundingly positive way,” said Herbst.
This is one of three very large corporate marriages in the works. Other pending merger deals include a merger between the $26.3 billion WesCorp and the $1 billion VolCorp, and a merger between the $10 billion Southwest Corporate and the $4 billion Southeast Corporate.
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