Crane CU to Acquire Small Indiana Community Bank

Crane Credit Union (Odon, IN) has signed a definitive agreement to acquire Community State Bank of Southwestern Indiana (Poseyville, IN).

Crane Credit Union has almost $636 million in assets.

Community State Bank of Southwestern Indiana has $89 million in assets and six branches.

The transaction is expected to close later this year and is subject to customary closing conditions, including approval from the bank's shareholders and regulatory agencies.

The price tag of the deal was not disclosed.

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