The $2.1 billion Texas Dow Employees Credit Union in Lake Jackson said Tuesday it has reopened seven bank branches under the cooperative's brand.
TDECU purchased the branches in July from Hancock Holding Co., the parent corporation of Whitney Bank. This acquisition, and the credit union's purchase of an eighth Whitney Bank branch in Shenandoah earlier this month, expanded the 178,354-member credit union's branch network from 25 to 33.
As part of the seven-branch acquisition, TDECU acquired approximately $34 million in consumer and real estate loans and assume about $30 million in deposits.
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