Gesa Credit Union to Acquire Security State Bank

Sound Credit Union Acquires Washington Business Bank

June 28, 2025

Financial Services

Sound Credit Union (Tacoma) completed the acquisition of Washington Business Bank (Olympia), assuming all assets and substantially all liabilities and converting the bank’s systems. The deal increases Sound’s total assets to over $3 billion and expands its branch footprint to 26 full-service locations, adding deposits, loans and local banking capability in downtown Olympia.

Michigan State University Federal Credit Union Acquires Algonquin State Bank

August 31, 2023

Financial Services

Michigan State University Federal Credit Union (MSUFCU) has entered into a definitive purchase and assumption agreement to acquire substantially all assets and assume substantially all liabilities of Algonquin State Bank and its parent, First Algonquin Company. The transaction, which is subject to customary regulatory and shareholder approvals and expected to close in late Q1 2024, expands MSUFCU’s presence in the Chicago market and increases its Illinois footprint to 10 branches (35 branches across two states) and contributes to a combined institution with roughly $8.3 billion in assets.

Beacon Credit Union Acquires Mid-Southern Savings Bank, FSB

January 26, 2024

Financial Services

Beacon Credit Union (BCU) entered a definitive purchase and assumption agreement to acquire substantially all assets and assume substantially all liabilities of Mid-Southern Savings Bank, FSB (MSB). The deal — BCU's first community bank acquisition — expands Beacon's footprint in southern Indiana; it is subject to MSB shareholder and regulatory approvals and is expected to close in Q3 or Q4 2024. MSB leadership will transition into roles at BCU and BCU intends to keep MSB branches and loan production offices open following completion.

VyStar Credit Union Acquires Heritage Southeast Bank

March 31, 2021

Financial Services

VyStar Credit Union signed a Definitive Purchase and Assumption Agreement to acquire Heritage Southeast Bank (HSB), a state-chartered bank headquartered in Jonesboro, Georgia. The deal will expand VyStar's branch network and membership in Georgia and is subject to shareholder and regulatory approvals, bringing VyStar's assets to approximately $12.5 billion when finalized.

SouthState Corporation Acquires Independent Bank Group, Inc.

May 20, 2024

Financial Services

SouthState Corporation agreed to acquire McKinney, Texas–based Independent Bank Group, Inc. in an all-stock transaction valued at approximately $2.0 billion (0.60 shares of SouthState per share of Independent Bank Group). The deal, announced May 20, 2024, creates a roughly $65 billion regional bank with expanded presence in the Southeast, Texas and a new footprint in Colorado; the merger closed on January 1, 2025.

Chenega Corporation Acquires SecuriGence LLC

June 7, 2024

Cybersecurity

Chenega Corporation, an Alaska Native government services contractor, has acquired SecuriGence LLC, a Washington, D.C. metro–based cybersecurity and systems engineering firm. The acquisition expands Chenega’s Military, Intelligence and Operations Support (MIOS) capabilities and adds technical cybersecurity, systems engineering, and cloud capabilities to support additional Defense and federal intelligence customers.