Tag Archives: M&A adviser

ILN Today Post

More signs that credit unions will continue to buy small banks

An Atlanta-based credit union’s move this month to buy a community bank would mark a first-of-its-kind acquisition in Georgia. But a leading M&A adviser who worked on that deal says increasingly more credit unions are looking to acquire banks, and he expects more such deals to be announced in Georgia and nationally this year and next. Georgia’s Own CU agreed to acquire Fayetteville, Ga.-based State Bank of Georgia, which has about $95 million in assets and which gives the buyer, with its nearly $2.3 billion in assets, added scale, a stronger presence in suburban Atlanta, and proven lending talent — the seller said all of its staff will join Georgia’s Own. A purchase price was not made public.

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