Municipal Employees Credit Union of Baltimore President/CEOBert Hash expects to receive final state and federal regulatoryapprovals soon that would allow MECU to complete its previouslyannounced purchase of Advance Mutual Savings Bank also ofBaltimore.
The $1.2 billion, 103,642-member MECU received NCUA's approvalTuesday to acquire the $61 million, 3,500-member Advance Bank, saidNCUA spokesperson John Fairbanks.
In addition, Hash said, OCC also has approved the acquisitionthat was initially announced in April.
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