Another Alabama CU to Acquire a Bank

Family Security Credit Union (Decatur, AL) has agreed to purchase the Bank of Pine Hill, located in Pine Hill, Ala.

The $580-million credit union will substantially purchase all of the assets and assume the deposits of the one-office, $25-million bank.

State and federal bank and CU regulators still need to approve the deal, which is expected to close in the first quarter of 2017.