The $2.3 billion Landmark Credit Union planned to convert the IT and operationalsystems of the $190 million Hartford Mutual Savings Bank this week,finalizing the New Berlin, Wis.-based credit union's acquisition ofits first bank.
Meanwhile, the acquisition of the $21 million Flint RiverNational Bank in Camilla, Ga., by the $255 million Five Star Credit Union in Dothan, Ala., has been essentiallyapproved by the Alabama Credit Union Administration, pendingapproval from the NCUA, said Robert A. Steensma, president/CEO ofFive Star CU.
Additionally, the acquisition has been approved by a“substantial majority” of the bank's shareholders in January, FlintRiver National Bank CEO Scott Gatlin said. The deal still needs thegreen light from the OCC, FDIC and NCUA.
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