financial acquisition announced Acquisition announcement. (Source: Shutterstock)

Seven months after announcing the proposed acquisition of the West Bend, Wis.-based Commerce State Bank, the Cottage Grove, Wis.-based Summit Credit Union finalized what officials said is the largest credit union acquisition of a bank in the state’s history.

On Monday, Summit officials said the acquisition of the $837 million bank was approved by regulators and the combined organization has more than $6 billion in assets, 235,000 members and 54 locations throughout Wisconsin.

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Michael Ogden

Editor-in-Chief for CU Times.

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