Harborstone in Washington strikes another deal, this one with a credit union
After announcing two bank acquisitions in seven months, the Lakewood, Washington-based credit union will merge with an in-state peer.
Harborstone Credit Union has been among the most acquisitive CUs in the country in the past year.
The $2.1 billion-asset Harborstone, which announced two bank buys since August 2023, said Monday it plans to merge with Community 1st Credit Union in Dupont, Washington.
The $202 million-asset Community 1st is the longest-operating credit union in Washington and is known for its nationwide green lending program, ezSolarLoan.
Earlier this year, the Lakewood, Washington-based Harborstone said it plans to acquire Burlington-based SaviBank. That announcement came on the heels of a deal the credit union struck to buy Seattle-based First Sound Bank last summer.
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