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The $627 million First Commerce Credit Union in Tallahassee, Fla., said it closed its purchase of the $252 million Citizens Bank in Nashville, Ga., last month.
The deal was announced in September 2019.
The bank acquisition will enable First Commerce to expand its market presence from three branches to seven branches in South Georgia by adding four of the bank's branches in Nashville, Ray City, Adel and Valdosta.
Combined with its nine branches in the Sunshine State, First Commerce will operate 16 locations in South Georgia and North Florida and manage nearly $880 million in assets.
The credit union is retaining the bank's 75 employees who serve a customer base of approximately 15,000, which will increase the credit union's membership ranks from 54,000 to nearly 70,000.
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