A new name, a new home, and a new deal. All of that now appears to be coming out of the combination of Georgia Corporate with Southwest Bridge. The new name, the two corporate credit unions recently announced, will be Catalyst Corporate Federal Credit Union.
"Choosing a name that represents the forging of a new corporate entity is an important step forward," said Greg Moore, CEO of Georgia Corporate, in a prepared statement. The new home will be in Plano, Texas, where Southwest Bridge is currently based, said Amy Fuller, chief operating officer of Georgia Corporate, in an interview.
As for the combination, what now appears to be happening is that instead of a merger, as earlier announced, Georgia Corporate will acquire Southwest Bridge in a purchase and assumption, said Fuller.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
