Tuesday, November 3, 2015

Five Star CU Completes Purchase of Bank

Five Star Credit Union (Dothan, AL) has completed the purchase and assumption of Farmers State Bank, which is headquarters in Lumpkin, GA.

The $345-million million Five Star is the first credit union to buy two banks. Last year Five Star completed the purchase of the $23-million Flint River National Bank in Camilla, Ga.

The $47-million Farmers State Bank has 3 bank office locations.

According to Five Star Credit Union, approximately 2,900 bank customers will become members of the credit union.

Read the story.

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