Thirteenth credit union-bank deal of 2024 lands in the Pacific Northwest
By early June, 12 credit union-bank deals had been struck, but dealmaking has been quiet for the past two months.
Spokane Teachers Credit Union plans to acquire $550 million-asset Community Bank, which is based in Joseph, Oregon.
The purchase price was not disclosed.
This is the 13th credit union-buying-bank deal announced this year, although it had been more than two months since such a deal was struck.
The $5.9 billion-asset credit union, which operates as STCU, said the proposed transaction fits with its commitment to rural communities across its footprint, including many that would otherwise lose access to a local financial institution.
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