Royal Credit Union to Acquire Saint Paul-based Capital Bank

Royal Credit Union (Eau Claire, WI) has entered into an agreement to acquire Capital Bank (Saint Paul, MN).

Under the terms of the agreement, Royal will assume approximately $35 million in total assets in the transaction. The deal is expected to be completed in the second half of 2016. The acquisition is still awaiting approval of state regulators, the FDIC, and NCUA.

Royal Credit Union has almost $1.8 billion in assets.

In 2010, Royal Credit Union (WI) acquired the 11 branches and $177 million in deposits from Anchor Bank (WI).

Read the press release.