Advia Credit Union (Parchment, MI) has announced that it has signed a definitive agreement to acquire Mid America Bank, a Wisconsin-based bank headquartered in Janesville.
At the end of 2015, Advia Credit Union reported almost $1.2 billion in assets. Mid America Bank had nearly $88 million in assets.
The acquisition is expected to be completed in the second or third quarter of 2016.
Upon completion of the acquisition, Advia will have approximately $1.3 Billion in assets, 400 employees, and 28 branches.
Terms of the deal were not disclosed.
Read the press release.
No comments:
Post a Comment