In a move rarely seen in the industry, Anheuser-Busch Employees’ Credit Union has signed an agreement allowing it to serve the retail and business customers of Stifel Bank and Trust.

The $1.2 billion ABECU in St. Louis, Mo. signed a purchase and assumption agreement with the bank that will allow it to offer 550 customers the same services available to members including branch and ATM network access beginning May 1. The CU will continue to offer business account services that Stifel Bank offered its business clients before the agreement. Those products include one to four family investment properties, business mortgages, lines of credit, installment loans, checking, interest checking and certificates of deposit and business investment funds.

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