Marine CU Receive Regulatory Approval for Acquisition of 10 Bank Branches

Marine Credit Union (La Crosse, WI) announced that it has received regulatory approval to acquire 10 Old National Bank branches in Wisconsin.

The transaction is anticipated to close on October 26, and the branches will open as Marine Credit Union on Oct. 29.

The credit union will acquire approximately 16,000 customers with almost $274 million in deposits.

The branches are in Chippewa Falls, Columbus, Dodgeville, Eau Claire, Lancaster, Monroe, New Glarus, Platteville, Prairie du Chien and Stanley, Wisconsin.

Under the terms of the agreement, Marine will acquire approximately $274 million in deposits. Marine also intends to hire all employees who work at the impacted locations.

Read the press release.