The news: Washington-based Hapo Community Credit Union is set to acquire Community First Bank, a five-branch bank that’s also located in Washington.
- This acquisition breaks the previous record for credit union-bank deals, with 2024 seeing 18 such deals so far, surpassing the 2022 record of 16, per Banking Dive.
Dive deeper: The acquisition will create a combined institution with $2.9 billion in assets, $2.5 billion in deposits, and 25 branches across Washington and Oregon.