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Credit union announces bank purchase. Credit union announces bank purchase. (Source: Shutterstock)

The $635 million Crane Credit Union in Odon, Ind., said Thursday it signed a definitive agreement to acquire the $89.6 million Community State Bank of Southwestern Indiana in Poseyville.

Founded in 1905, Community State Bank manages $70.6 million in deposits and $8.5 million in capital, according to its Consolidated Report for Condition and Income filed with the FDIC at the end of the first quarter.

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Peter Strozniak

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