Tuesday, August 28, 2018

Wisconsin Regulator Approves Superior Choice CU P&A of Bank

The Wisconsin Department of Financial Institutions' Office of Credit Unions on July 26 approved the purchase and assumption (P&A) of Dairyland State Bank (Bruce, WI) by Superior Choice Credit Union (Superior, WI).

The depositors and borrowers of Dairyland State Bank will become members of Superior Choice Credit Union. The credit union will also purchase and assume the $79.8 million bank's five branches.

According to its most recent Call Report, Superior Choice Credit Union has $417.5 million in assets.

The transaction is expected to close on August 31, 2018.

Read the Credit Union Activity Report.
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