FORT WAYNE, Ind.–3Rivers FCU said it has now completed its acquisition of certain assets and liabilities from West End Bank.
The bank’s customers are now members of the $1.2-billion 3Rivers Federal Credit Union and the bank’s branches in Richmond, Liberty, and Hagerstown, Ind. are now 3Rivers branches, where the same staff are in place, according to the credit union.
Prior to the completion of the sale, West End Bank operated four branches, served roughly 24,000 customers, and had approximately $291 million in assets. The completion of this acquisition increases 3Rivers’ total number of branches to 20, team members to 440, members to 109,000, and assets to approximately $1.6 billion, the credit union said in a statement.
“We’re excited to announce that we have completed the transaction with West End Bank. It’s been a long journey since we first announced last August. We look forward to officially being a part of the Wayne and Union County communities and welcoming their customers and employees into our 3Rivers family,” said Don Cates, 3Rivers’ President and CEO. “We’re grateful and proud of the ongoing efforts and collaboration of both of our teams during this process, especially with the unanticipated challenges that COVID presented in the midst of the transaction. We’re confident that this transition is in the best interest of our new members, team members, and community. We now have the ability to expand access to our financial tools, resources, and branches throughout Indiana, all with a continued and deepened commitment of investing in the community and keeping it local.”