Printer Friendly

-UFCU announces completion of acquisition.

Global Banking News-January 3, 2012--UFCU announces completion of acquisition(C)2012 ENPublishing -

Global Banking News - 03 January 2012

United Federal Credit Union (UFCU) has announced that it has completed the acquisition of Griffith Savings Bank in Griffith.

According to UFCU, this is the first time that a federally chartered credit union has purchased the assets of a state-chartered, FDIC-insured mutual savings bank.

Gary L Easterling, president and CEO of United Federal Credit Union, said, 'The purchase of Griffith Savings Bank is a major achievement for us. We have, of course, set an important precedent in the world of banks and credit unions, but even more importantly, we look forward to bringing our style of people-first member service to the residents of Griffith.'

[Editorial queries for this story should be sent to]

((Distributed via M2 Communications -
COPYRIGHT 2012 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Jan 3, 2012
Previous Article:-Assicurazioni Generali names new head for investor relations.
Next Article:-Co-operative bank drops overdraft charges.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |