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Iowa's Largest Credit Union Calls Off Proposed Acquisition of Nebraska Bank

GreenState CU moves away from buying Premier Bank, but the credit union won't stop pursuing expansion plans into Nebraska.

One hand is holding document, another hand is crossing out text content with red pen. Concept of document cancellation, agreement disapproval, request refusal, error correcting and proofreading Source: AdobeStock.

Jeff Disterhoft, president/CEO of the $10.6 billion GreenState Credit Union, said Thursday the board of directors has decided to move away from the proposed acquisition of the $369 million Premier Bank.

Earlier this month, a state judge affirmed a decision of the Nebraska Department of Banking and Finance (NDBF) to deny an application for the Omaha-based bank to be acquired by the North Liberty, Iowa-based credit union.

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Peter Strozniak

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