Marine Credit Union Completes Acquisition of Five Branches from Bank Mutual
LA CROSSE, Wis., Aug. 28, 2017 — Marine Credit Union has completed the acquisition of five branches from Bank Mutual in Kenosha, Racine and Sheboygan, Wis. The branches opened as Marine Credit Union today, after the sale closed on Friday, Aug. 25 and the integration completed over the weekend. Marine acquired approximately $50 million in deposits and $13 million in loans through the sale.
“Marine’s acquisition of the Bank Mutual branches aligns with our growth strategy. It will allow us to deliver value to new markets and serve more members who need our help,” said Shawn Hanson, CEO of Marine Credit Union
About Marine Credit Union
Marine Credit Union is built upon the strong belief that members are more than a credit score, and we are committed to providing financial services to all members of the community – including those with past financial challenges. Marine will continue our long-standing tradition of delivering personalized lending solutions to fit our members’ individual needs. Marine Credit Union is a full-service financial institution serving over 60,000 members with office locations in Wisconsin, Minnesota and Iowa. For more information, connect with us on Facebook, Twitter, YouTube and LinkedIn.