Good deals for branches, land and more are there for the waiting as banks fail, the incoming chairman of the Georgia Credit Union Affiliates said Monday.
"We've purchased two branches from the FDIC failed bank list and so far it's worked out quite well," said Marshall Boutwell, who is slated to take over the top elected post at the Georgia trade group this Friday at its annual meeting.
Boutwell, president/CEO of the $225 million Gwinnett FCU of Lawrenceville, said that credit unions "can purchase these surplus branches for as little as 50 cents on the dollar."
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