LGE Community Credit Union (Marietta, GA) has entered into a definitive agreement to purchase Georgia Heritage Bank (Dallas, GA).
LGE Community Credit Union is a $1.27 billion asset credit union with 11 branches. Georgia Heritage Bank has $94.7 million in assets and has branches in Cobb and Paulding Counties.
The boards of directors of both LGE Community Credit Union and Georgia Heritage Bank have unanimously approved the transaction.
The transaction is expected to close in the third quarter of 2018 and is subject to the approval by Georgia Heritage Bank’s shareholders, receipt of regulatory approvals and other customary closing conditions.
The terms of the deal were not disclosed.
Read the press release.
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