Extending its interstate reach into a third state as part of long-term strategy, the $432 million Horizon Credit Union of Spokane Valley, Wash., said it hopes to complete by February a merger with the $63 million Montana First CU of Missoula, Mont.
The merger deal, which has been in the works since earlier this year, would give the central Washington CU entry into five Montana counties. The 16-branch operation already has a presence in the northern panhandle of Idaho.
It is a transaction borne out of what Horizon management contends is a long term plan to expand regionally "in the Cascades where we have the same demographics and cultural fit," said Jeff Adams, Horizon president/CEO.
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