The $2 billion Texas Dow Employees Credit Union in Lake Jackson, Texas, is purchasing seven retail branches from Hancock Holding Co., the parent corporation of Whitney Bank.
The move will expand the 171,300-member credit union's branch network from 25 to 32 throughout the Greater Houston metropolitan market.
As part of the branch acquisition, TDECU will acquire approximately $34 million in consumer and real estate loans and assume about $30 million in deposits.
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
NOT FOR REPRINT
© 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.
