Gesa Credit Union to Acquire Security State Bank
May 23, 2024
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.
- Buyers
- Gesa Credit Union
- Targets
- Security State Bank
- Sellers
- Security State Corporation
- Industry
- Financial Services
- Location
- Washington, United States
- Transaction Type
- Buyout
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