Marine Credit Union completes acquisition of ten branches from Old National Bank
LA CROSSE, WI (October 30, 2018) — Marine Credit Union has completed the acquisition of 10 branches from Old National Bank through a purchase agreement announced in April 2018. The branches opened as Marine Credit Union yesterday, after the sale closed on Friday, Oct. 26, and the integration completed over the weekend. Marine acquired approximately $240 million in deposits through the sale.
“Marine’s acquisition of the Old National Bank branches aligns with our growth strategy. We are excited for the opportunity to serve more members in our new branches who need our help. We can deliver value to these new markets,” said Shawn Hanson, CEO of Marine Credit Union.
Marine is committed to continue operating locations and serving members in all markets involved in the acquisition. Marine currently has offices in Chippewa Falls, Eau Claire and Prairie du Chien, with nearby Old National Bank locations involved in the acquisition. For ease and efficiency, Marine will consolidate to a single office in those communities by the end of the year.
About Marine Credit Union
Marine Credit Union is a full-service, member-owned financial cooperative serving more than 78,000 members across Wisconsin, Iowa, Minnesota and Illinois. Headquartered in La Crosse, Wisconsin, Marine employs more than 400 people, operates 20 locations and holds over $1 billion in assets. Guided by its mission, “to advance the lives of people from a place of financial need to a life of ownership and giving back in our communities,” Marine looks at its members’ individual finances less as a number and more as a journey. The Marine Credit Union Foundation has donated more than $1.3 million to over 950 charitable causes since 2014. Marine earned Great Place to Work™ Certification in 2022 and Juntos Avanzamos designation in 2017 for its commitment to the Hispanic community. For more information, go to www.marinecu.com.
