The $2 billion Texas Dow Employees Credit Union in Lake Jackson, Texas, is purchasing seven retail branches from Hancock Holding Co., the parent corporation of Whitney Bank.
The move will expand the 171,300-member credit union's branch network from 25 to 32 throughout the Greater Houston metropolitan market.
As part of the branch acquisition, TDECU will acquire approximately $34 million in consumer and real estate loans and assume about $30 million in deposits.
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