Wednesday, September 4, 2013
Alabama Credit Union to Buy Georgia Bank
The American Banker is reporting that Five Star Credit Union of Dothan, Alabama has agreed to purchase Flint River National Bank in Camilla, Georgia.
Five Star CU will buy all the loans and deposits at the $23 million bank. The credit union is valuing the bank assets at $21 million.
This would be the fifth transaction involving a credit union buying a bank.
Read the story.
Five Star CU will buy all the loans and deposits at the $23 million bank. The credit union is valuing the bank assets at $21 million.
This would be the fifth transaction involving a credit union buying a bank.
Read the story.
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