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The acquisition of the $21 million Flint River National Bank in Camilla, Ga., by the $258 million Five Star Credit Union in Dothan, Ala., was approved Wednesday by NCUA, said Robert A. Steensma, president/CEO of Five Star CU.

“We’re happy to have received approval of the NCUA, the fifth and final regulator,” Steensma said. “We are planning to assume the bank June 1, and we plan to do the operational conversion this weekend as well.”

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Peter Strozniak


Credit Union Times

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