Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The $225 million Five Star Credit Union of Dothan, Ala., emerged Friday as the successful bidder for the ailing $38 million Frederica CU of Brunswick, Ga. but what has turned industry heads this week is the high number of  potential bidders: 18 .

There was no explanation from the NCUA about the higher than normal number but the president/CEO of Five Star, Robert Steensma, said a positive factor is Frederica’s branch presence on St. Simon’s Island, a popular southeast Georgia tourist haven.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.