U.S. Eagle FCU Plans to Buy Southwest Capital Bank

If approved by shareholders and regulators, the proposed acquisition is expected to close during the second quarter of next year.

By Peter Strozniak | August 19, 2024 at 04:00 PM

State of New Mexico flag. Credit/Shutterstock

The $1.5 Billion U.S. Eagle Federal Credit Union in Albuquerque, N.M., is expected to close its proposed acquisition of the $474 million Southwest Capital Bank (SCB), also based in Albuquerque, during the second quarter of 2025, pending approvals from shareholders and regulators.

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