CEDAR RAPIDS, Iowa—The FDIC is reporting an application for Savanna, Ill.-based First Savanna Savings Bank to merge into Collins Community Credit Union here was withdrawn on June 18.
No explanation was provided for the withdrawal of the application, reported Keith Leggett, the former senior vice president and senior economist at the ABA.
This is the fourth application of a credit union acquiring a bank to be withdrawn this year, stated Leggett.