Independent Community Bankers of America's website. Independent Community Bankers of America’s website. (Source: Adobe Stock)

Just five days after the $1.5 billion Scott Credit Union in Edwardsville, Ill., signed a definitive purchase and assumption agreement to acquire the $92.9 million Tempo Bank in Trenton, Ill. on Aug. 20, the Independent Community Bankers of America used the $14 million transaction to launch another call for lawmakers to address the growing trend of credit union-bank acquisitions.

In the ICBA’s Aug. 25 press release, the headline read: “As Credit Union-Bank Acquisitions Top 100, ICBA Urges Washington to Act.”

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