“I am proud of the interactive and ongoing dialogue we’ve had with our members over the past few months. I believe our forthright nature and open communications enabled NFCU members to understand the situation and why this merger was the best option,” she added.

Approving the deal will mean that Nationwide’s members will receive $79 million total, or roughly 15% of their account balances as of the end of March of this year as the price for the sale. The new bank will benefit from the purchase by having a readymade customer and deposit base that would have taken it months or years to develop otherwise.

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