Marking one of the largest mergers in years in Washington State, two Seattle area CUs, the $564 million Watermark CU and the $544 million Sound CU, are planning to merge in 2011.
The proposed transaction uniting two healthy CUs would create a footprint stretching across Puget Sound with 21 branches.
The consolidation was described as a “mergers of equals” and several years ago was one that was forecast to occur across the Northwest and in other parts of the West and in sand states, a result of the economic downturn.
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