Under the agreement, some branches will be rebranded to “Hantz Credit Union.”

The $1.1 billion Credit Union ONE said it expects to complete its acquisition of the $222 million Hantz Bank later this year.

In a prepared joint statement, the Ferndale, Mich.-based credit union said it signed a definitive agreement last week to merge with the state-charted bank in Southfield, Mich., that serves about 5,000 customers and operates six branches. Credit Union ONE serves more than 131,000 members and operates 20 branches.

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