Tuesday, March 13, 2018

Evansville Teachers FCU to Acquire American Founders Bank

Louisville Business First is reporting that Evansville Teachers Federal Credit Union (Evansville, IN) plans to acquire American Founders Bank of Louisville (KY).

Evansville Teachers FCU has $1.5 billion in assets. American Founders Bank has $113 million in assets.

The acquisition will allow the credit union to expand its presence in the Louisville market.

The price of the deal was not disclosed.

The transaction is subject to regulatory approval and is not expected to close until later in the year.

Read the story.

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