Tinker Federal Credit Union (Oklahoma City, OK) announced on April 30 it has entered into an agreement to acquire substantially all of the asset and operations of Prime Bank (Edmond, OK).
Prime Bank has almost $286 million in assets at the end of 2019.
Tinker FCU has approximately $4.4 billion in assets.
The acquisition was unanimously approved by the boards of both institutions and is awaiting approval and is expected to close later this year.
The price tag of deal was not disclosed.
This is the first acquisition of an Oklahoma bank by an Oklahoma headquartered credit union.
Read the news story.
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