Sunday, July 9, 2017

Arkansas Federal Credit Union Looking to Buy a Bank

Arkansas Federal Credit Union (Jacksonville, AR) is looking to buy a bank that is deposit rich but does not have a ton of loans.

According to www.Arkansasonline.com, the $1.1 billion asset credit union has already spoken to two banks about a possible merger.

The immediate focus is on banks located near Little Rock; but not with branches near the credit union's branches.

The credit union intends to be the first Arkansas credit union to acquire a bank.

Read the story.

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