Friday, June 8, 2018

Georgia Regulator Approves Bank Merger with CU

The Georgia Department of Banking and Finance approved the application of dissolution for State Bank of Georgia (Fayetteville, GA) and its merger with Georgia's Own Credit Union.

The approval date was May 22, 2018.

Read the May 2018 Bulletin.

In a related story, the Filene Research Institute recently released a report on Credit Unions' Acquisition of Banks and Thrifts. Click hereto listen to an interview with the author of the study, a lawyer who has worked on most of these deals, and a credit union executive who did a bank merger transaction.

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