Acquiring Company
GECU Federal Credit Union
Acquired Company
Bank of the Southwest
El PasoNew MexicoFinancial ServicesFinanceLendingBankingDescription
GECU Federal Credit Union has received regulatory approval to acquire Bank of the Southwest, with the legal combination set for November 1, 2026. This acquisition will create a new credit union serving over 449,000 members. GECU will continue to operate as the primary entity while both organizations integrate their services.
Don't miss GECU Federal Credit Union's next move
Get an email the moment GECU Federal Credit Union makes an acquisition, hires an exec, or expands, usually minutes after it happens.
One email per event. Unsubscribe anytime.
Related People
M&A Insights
Based on deal dataFrequently asked
Who acquired Bank of the Southwest?
Bank of the Southwest was acquired by GECU Federal Credit Union, based in El Paso. The deal was reported on August 27, 2026. GECU is one of the largest locally owned federal credit unions in Texas and New Mexico, founded in 1932. GECU Federal Credit Union is privately held.
When did GECU Federal Credit Union acquire Bank of the Southwest?
GECU Federal Credit Union's acquisition of Bank of the Southwest was reported on August 27, 2026. GECU Federal Credit Union has received regulatory approval to acquire Bank of the Southwest, with the legal combination set for November 1, 2026. This acquisition will create a new credit union serving over 449,000 members. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Bank of the Southwest do?
Founded in 1992, Bank of the Southwest has total assets of $186.8 million and operates 11 locations and 12 ATMs across several communities in New Mexico. The bank is committed to serving its local communities with a range of financial services. It is privately held, operating in Financial Services, and is based in New Mexico.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick. $29 a month, billed annually, and if it does not pay for itself in a year we refund it.