The $1.5 billion Evansville Teachers Federal Credit Union in Evansville, Ind., received regulatory approvals Thursday that officially finalized its acquisition of the $105 million American Founders Bank.

The Evansville, Ind.-based credit union announced Friday that it reopened AFB’s two branches in Louisville, Ky., under a new brand name, Liberty Financial, a division of Evansville Teachers FCU.

Liberty Financial also recently opened a full-service branch in Franklin, Tenn., and has offices under construction in Bowling Green, Ky, and a second office in Franklin, Tenn., the credit union said in a prepared statement.

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