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handing over a binder labeled 'Acquisition' Source: Shutterstock.

The $1.1 billion Avadian Credit Union in Hoover, Ala., said it expects to close an all-cash deal to acquire the $85.4 million Citizens State Bank in Vernon, Ala., by the third quarter of 2022 pending regulatory approvals.

Financial terms of the purchase and assumption transactions were not disclosed.

Peter Strozniak

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