Monday, May 25, 2020

Acquisition of Ben Franklin Bank by CU Completed

Corporate America Family Credit Union (Elgin, IL) completed its acquisition of Ben Franklin Bank of Illinois (Arlington Heights, IL) on April 30, 2020.

The Federal Deposit Insurance Corporation approved the merger on April 13, 2020.

Corporate America Family CU had $617 million in assets, as of March 2020. Ben Franklin Bank had $93 million in assets at the end of the first quarter of 2020.

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