Beacon Credit Union Acquires Mid-Southern Savings Bank, FSB

GECU Federal Credit Union to Acquire Bank of the Southwest

August 27, 2026

Financial Services

GECU Federal Credit Union received official regulatory approval to acquire Bank of the Southwest. The organizations plan to legally combine on November 1, 2026, with GECU as the combined name and the businesses expected to operate as independent divisions during integration.

BECU and SAFE Credit Union Announce Regulatory-Approved Combination

August 4, 2026

Financial Services

BECU and SAFE Credit Union announced they received regulatory approval from the NCUA, Washington State Department of Financial Institutions, and California DFPI to advance their proposed combination. The deal is expected to close on January 1, 2027, pending approval by SAFE members, bringing together operations across the Sacramento region.

FB Financial Corporation Acquires Southern States Bancshares, Inc. (Southern States Bank Merger)

June 30, 2025

Financial Services

FB Financial Corporation (NYSE: FBK) completed its merger with Southern States Bancshares, Inc. (Nasdaq: SSBK), the parent company of Southern States Bank. Southern States shareholders received 0.800 shares of FB Financial common stock for each share of Southern States stock, and Southern States’ shares ceased trading after June 30, 2025.

Michigan State University Federal Credit Union to Acquire 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. The deal is expected to close in the late first quarter of 2024, subject to regulatory approvals and customary closing conditions, including approval by Algonquin’s parent shareholders.

Southern Missouri Bancorp Acquires Citizens Bancshares for $140M

September 20, 2022

Financial Services

Southern Missouri Bancorp Inc., the parent of Southern Bank, agreed to acquire Kansas City–based Citizens Bancshares Co. in a stock-and-cash transaction valued at approximately $140 million. The deal, unanimously approved by both boards, gives Citizens shareholders a choice of shares or $53.50 cash per share, will add 14 branches in Missouri and is expected to be accretive to Southern Missouri Bancorp's EPS over the following fiscal years, subject to customary approvals.

United Bankshares Acquires Community Bankers Trust Corporation (Essex Bank)

December 3, 2021

Financial Services

United Bankshares, Inc. completed its acquisition of Community Bankers Trust Corporation, the parent company of Essex Bank, adding an organization with approximately $1.7 billion in assets and headquarters in the greater Richmond, Virginia region. The deal expands United’s Mid‑Atlantic footprint into additional Virginia and Maryland markets; former Community Bankers Trust President and CEO Rex L. Smith III was retained as a Regional President for the former Essex Bank locations.