Marine Credit Union receives regulatory approval to acquire ten branches from Old National Bank
LA CROSSE, WI (September 25, 2018) — Marine Credit Union has received regulatory approval to acquire 10 Old National Bank branches through a purchase agreement announced April 2018. The acquisition is anticipated to close on Oct. 26, and the branches will open as Marine Credit Union on Oct. 29.
Approximately 16,000 customers will continue to be served from branches in Chippewa Falls, Columbus, Dodgeville, Eau Claire, Lancaster, Monroe, New Glarus, Platteville, Prairie du Chien and Stanley, Wis.
Under the terms of the agreement, Marine will acquire approximately $274 million in deposits. Marine also intends to hire all employees who work at the impacted locations. Once the acquisition is complete and locations are consolidated, Marine will have 38 branches serving more than 93,000 members across Wisconsin, Iowa and Minnesota.
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.
