ELGA Credit Union completes acquisition of Marine Bank & Trust

ELGA Credit Union and Marine Bancorp of Florida, Inc., the holding company for Marine Bank & Trust Company, have entered into a definitive agreement for ELGA CU to acquire Marine Bank in an all-cash transaction. The acquisition leverages ELGA CU's consumer and low-income lending expertise with Marine Bank's commercial and treasury management offerings, resulting in expanded service capacity and community reach.