Acquiring Company
ELGA Credit Union
Acquired Company
Marine Bancorp of Florida
Grand BlancVero BeachFinancial ServicesLendingBankingFinancial ServicesFinanceLendingBankingDescription
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.
Quick answer
ELGA Credit Union is acquiring Marine Bancorp of Florida, announced June 4, 2024. ELGA Credit Union is based in Grand Blanc, Michigan, United States.
- How much did ELGA Credit Union pay for Marine Bancorp of Florida?
- The deal value was not disclosed.
- What does ELGA Credit Union do?
- ELGA Credit Union (ELGA CU) is a community-based credit union with a 73-year history of providing personalized banking solutions to its members in Michigan.
- Where are ELGA Credit Union and Marine Bancorp of Florida based?
- ELGA Credit Union is based in Grand Blanc, Michigan, United States. Marine Bancorp of Florida is based in Vero Beach, Florida, United States.
- Who are the decision-makers at ELGA Credit Union?
- Fundz holds 1 contact at ELGA Credit Union. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at ELGA Credit Union, and when
When ELGA Credit Union changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day ELGA Credit Union raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at ELGA Credit Union, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Marine Bancorp of Florida?
Marine Bancorp of Florida was acquired by ELGA Credit Union, based in Grand Blanc. The deal was reported on June 4, 2024. ELGA Credit Union (ELGA CU) is a community-based credit union with a 73-year history of providing personalized banking solutions to its members in Michigan. ELGA Credit Union is privately held and operates in Financial Services.
When did ELGA Credit Union acquire Marine Bancorp of Florida?
ELGA Credit Union's acquisition of Marine Bancorp of Florida was reported on June 4, 2024. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Marine Bancorp of Florida do?
Marine Bancorp of Florida is the holding company for Marine Bank & Trust Company. It offers a variety of banking services including personal and commercial banking solutions. It is privately held, operating in Financial Services, and is based in Vero Beach.
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