State sign of Indiana State of Indiana. (Source: Shutterstock)

After securing regulatory and shareholder approvals, the $781 million Heritage Federal Credit Union in Newburgh, Ind., said Monday it expects to close on the acquisition of the $86.5 million Elberfeld State Bank on March 31.

Heritage said its assets will increase to about $877 million and its branch network will expand from 10 to 13 throughout the Evansville metropolitan area.

Peter Strozniak

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