Wednesday, April 5, 2017

Marine CU to Buy 5 Bank Branches from Bank Mutual Corporation

Bank Mutual Corporation (Milwaukee, WI) entered into an agreement with Marine Credit Union (LaCrosse, WI) to sell five retail branches, along with deposits and loans.

The pending sale consists of one office in Kenosha, two in Racine, and two in Sheboygan, Wisconsin.

Deposits and loans from the five locations are $52.6 million and $13.2 million, respectively.

The deal is expected to close in the third quarter, pending all regulatory approvals.

The terms and price of the transaction were not disclosed.

Read the press release.

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