During a closed meeting last week, the NCUA Board unanimouslyapproved Landmark Credit Union's acquisition of Hartford Savings Bank,subject to approval from the FDIC, according to a Board ActionBulletin posted this week on the NCUA's website.

The $2.1 billion New Berlin, Wis.-based credit union announcedin September its plan to buy the $190 million, state-charteredmutual savings bank in Hartford, Wis.

Landmark has completed 10 credit union mergers in the past three years. This is its firstacquisition of a bank.

The NCUA and Landmark CEO/President Jerry Magulski declined to comment on the NCUA's approval.

David Barr, a spokesperson for the FDIC in Washington, saidLandmark's application is pending. He also said the agency has notyet acted and would not estimate on when the FDIC is expected toact on whether to approve or reject the credit union'sapplication.

Hartford Savings Bank has approximately 10,000 customers withbranch locations in Hartford, Juneau and Hubertus. Landmark CU has209,011 members.

Terms of the purchase agreement were not disclosed.

Landmark CU is the third credit union to purchase a bank in thepast 14 months. In January 2012, the $1.5 billion United Federal Credit Union in St. Joseph, Mich., completed itstakeover of Griffith Savings Bank of Griffith, Ind. In June,the buyout of a New Hampshire savings bank, Monadnock CommunityBank, by the $352 million GFA Federal Credit Union of Gardner, Mass., was approved byregulators.