ESL Federal Credit Union to Acquire Generations Bank

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.

Esquire Financial Holdings Acquires Signature Bancorporation

March 18, 2026

Financial Services

Esquire Financial Holdings, Inc. agreed to acquire Signature Bancorporation, Inc. in an all-stock transaction valued at about $348.4 million, expanding Esquire’s presence in the Chicago and Midwest commercial banking markets. After receiving regulatory approvals and stockholder approvals, the acquisition closed effective August 1, 2026, with Signature operating as a division of Esquire Bank.

Gesa Credit Union to Acquire Security State Bank

May 23, 2024

Financial Services

Gesa Credit Union has entered into a definitive agreement to acquire and assume substantially all assets and liabilities of Security State Bank (a subsidiary of Security State Corporation). The deal, which is subject to regulatory and shareholder approvals and expected to close in 2025, will transfer Security State Bank's 12 branches in Lewis, Thurston, Pacific and Grays Harbor counties to Gesa as part of its Pacific Northwest expansion.

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.

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.

United Federal Credit Union Acquires Edgewater Bank

October 27, 2020

Financial Services

United Federal Credit Union will acquire the assets and assume the liabilities of Edgewater Bank in an all-cash transaction. Edgewater Bancorp and Edgewater Bank will liquidate and distribute remaining cash to stockholders; the deal expands United's branch network and increases its assets to roughly $3.5 billion.