Marine Credit Union Receives Regulatory Approval to Acquire 10 Branches from Old National Bank
La Crosse, Wis. (September 24, 2018) — Marine Credit Union has received regulatory approval to acquire 10 Old National Bank branches through a purchase agreement announced April 2018. The acquisition is anticipated to close on Oct. 26, and the branches will open as Marine Credit Union on Oct. 29.
Approximately 16,000 customers will continue to be served from branches in Chippewa Falls, Columbus, Dodgeville, Eau Claire, Lancaster, Monroe, New Glarus, Platteville, Prairie du Chien and Stanley, Wis.
Under the terms of the agreement, Marine will acquire approximately $274 million in deposits. Marine also intends to hire all employees who work at the impacted locations. Once the acquisition is complete and locations are consolidated, Marine will have 38 branches serving more than 93,000 members across Wisconsin, Iowa and Minnesota.
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.