La Crosse, Wisc.-based Marine Credit Union has agreed to buy 10 branches of Old National Bank,an Evansville, Indiana-based subsidiary of Old NationalBancorp.
The terms of the deal were not disclosed, but the acquisitiondoes include $274 million in deposits and is expected to close inthe third quarter of 2018, according to an announcement from thetwo financial institutions. Marine Credit Union has $756 millionassets and about 76,000 members.
“As a mission-focused credit union, we strive to make lifebetter for those around us: our members, our employees and ourcommunities,” Marine Credit Union CEO Shawn Hanson said in thestatement. “This acquisition furthers our growth strategy andaligns with our mission. We look forward to welcoming our newemployees and new customers as members of Marine Credit Union.”
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