During a closed meeting last week, the NCUA Board unanimously approved Landmark Credit Union's acquisition of Hartford Savings Bank, subject to approval from the FDIC, according to a Board Action Bulletin posted this week on the NCUA's website.
The $2.1 billion New Berlin, Wis.-based credit union announced in September its plan to buy the $190 million, state-chartered mutual savings bank in Hartford, Wis.
Landmark has completed 10 credit union mergers in the past three years. This is its first acquisition of a bank.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
