Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Credit Union Allowed To Buy Branches And Deposits From A Bank

Friday, June 11, 2010 - 7:19 PM
This isn't a closure, but a weak bank located in Wisconsin, AnchorBank, will be selling 11 of its branches (along with deposits) to Royal Credit Union. This transaction has received approval by the NCUA, FDIC and OTS. AnchorBank customers at those branches will become members at Royal CU.

Please refer to the NCUA press release for more details.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,611