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Vystar Credit Union and Heritage Southeast Bank said in a statement released late Wednesday afternoon that they mutually decided to terminate a purchase and assumption agreement, ending the credit union industry's largest ever bank acquisition deal.
"Following a thorough evaluation of the transaction between VyStar and HSBI, we have mutually agreed that moving forward separately is the prudent decision. VyStar will continue to expand our services in Georgia," VyStar President/CEO Brian Wolfburg said in a prepared statement.
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