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Brentwood Bank announces acquisition of Union Building and Loan Savings Bank.

BANKING AND CREDIT NEWS-April 11, 2019--Brentwood Bank announces acquisition of Union Building and Loan Savings Bank

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Global Banking News - 11 April 2019

Brentwood Bank, a wholly-owned subsidiary of Mutual Holding Company of Western Pennsylvania (MHC), and Union Building and Loan Savings Bank, West Bridgewater, Pennsylvania, a mutual savings bank, have jointly said that they have completed the merger of Union with and into Brentwood, with Brentwood as the surviving bank.

The transaction was completed as per the terms of the merger agreement between MHC, Brentwood and Union. As part of the transaction, Brentwood expects to maintain the Union branch location as 'Union Building and Loan Savings Bank, a division of Brentwood Bank' for at least three years.

Brentwood will have combined assets of nearly USD671m and customers of both banks will have access to five banking centres and limited service mobile offices located in Bridgewater, Bethel Park, Brentwood, South Fayette and South Park.

Brentwood Bank serves the South Hills region of Pittsburgh and currently has five locations; Beaver; Bethel Park, Brentwood, South Fayette, South Park.

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Publication:M2 Banking & Credit News (BCN)
Date:Apr 11, 2019
Words:207
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