Sunday, July 19, 2020

Application Withdrawn Regarding Collins Community CU's Acquisition of Small Illinois Savings Bank

The Federal Deposit Insurance Corporation is reporting that the application for First Savanna Savings Bank (Savanna, IL) to merge into Collins Community Credit Union (Cedar Rapids, IA) was withdrawn on June 18, 2020.

No explanation was provided for the withdrawal of the application.

This is the fourth application of a credit union acquiring a bank to be withdrawn this year.

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