Welcome to Georgia state sign. Source: Shutterstock.

The $3.4 billion Georgia’s Own Credit Union in Atlanta stated Monday it plans to purchase the $685 million Vinings Bank in Smyrna, Ga.

Financial terms were not disclosed for 2022’s first credit union-bank acquisition. This is Georgia’s Own second bank purchase since 2018, when it completed a deal to buy the $90 million State Bank of Georgia in Fayetteville.

Peter Strozniak

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