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EMARKETER

Credit unions broke the record for the number of bank acquisitions two deals ago

Article by Lauren Ashcraft  |  Oct 11, 2024
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Credit unions broke the record for the number of bank acquisitions two deals ago
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Banking
US

The news: Washington-based Hapo Community Credit Union is set to acquire Community First Bank, a five-branch bank that’s also located in Washington.

  • This acquisition breaks the previous record for credit union-bank deals, with 2024 seeing 18 such deals so far, surpassing the 2022 record of 16, per Banking Dive.

Dive deeper: The acquisition will create a combined institution with $2.9 billion in assets, $2.5 billion in deposits, and 25 branches across Washington and Oregon.

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