During a closed meeting last week, the NCUA Board unanimously approved Landmark Credit Union's acquisition of Hartford Savings Bank, subject to approval from the FDIC, according to a Board Action Bulletin posted this week on the NCUA's website.
The $2.1 billion New Berlin, Wis.-based credit union announced in September its plan to buy the $190 million, state-chartered mutual savings bank in Hartford, Wis.
Landmark has completed 10 credit union mergers in the past three years. This is its first acquisition of a bank.
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.
