Five Star Credit Union (Dothan, AL) has completed the purchase and assumption of Farmers State Bank, which is headquarters in Lumpkin, GA.
The $345-million million Five Star is the first credit union to buy two banks. Last year Five Star completed the purchase of the $23-million Flint River National Bank in Camilla, Ga.
The $47-million Farmers State Bank has 3 bank office locations.
According to Five Star Credit Union, approximately 2,900 bank customers will become members of the credit union.
Read the story.
No comments:
Post a Comment