Downtown Chicago. (Source: Shutterstock) Downtown Chicago. Credit/Shutterstock

In the span of just four days, officials with credit unions in Michigan and Alabama have announced their second bank acquisition deals.

On Thursday, the $7.7 billion Michigan State University Federal Credit Union (MSUFCU) in East Lansing signed a definitive purchase and assumption agreement with the $144 million Algonquin State Bank in Algonquin, Ill. On the same day, the $773 million Five Star Credit Union in Dothan, Ala., also said it inked an agreement to acquire the $178 million Wilcox County State Bank in Abbeville, Ga. Financial terms of these purchase agreements were not disclosed.

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