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Wings Financial Credit Union To Acquire Settlers Bank

PRIVATENov 04, 2022

Acquiring Company

Wings Financial Credit Union

Acquired Company

Settlers bank

Financial ServicesLendingBankingFinancial ServicesFinanceLendingBanking

Description

Wings Financial Credit Union and SB Bancorp, Inc., the holding company for Settlers bank, announced today that the two organizations have reached an agreement for Wings to acquire the bank, including their three branch locations in Appleton, Madison, and Windsor, Wisconsin.

Quick answer

Wings Financial Credit Union is acquiring Settlers bank, announced November 4, 2022.

How much did Wings Financial Credit Union pay for Settlers bank?
The deal value was not disclosed.
What does Wings Financial Credit Union do?
Wings Financial Credit Union is Minnesota's largest credit union and one of the top credit unions nationally, with over $8 billion in assets and more than 340,000 members.

Source: Fundz verified event record.

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Company Information

Company

Wings Financial Credit Union

About

Wings Financial Credit Union is Minnesota's largest credit union and one of the top credit unions nationally, with over $8 billion in assets and more than 340,000 members. In 2022, Wings was named one of the top credit unions nationally by Gobankingrates.com, as well as being recognized by the Star Tribune as Minnesota’s Best Credit Union and as a top workplace for the 10th consecutive year. Wings members enjoy some of the area's best savings and lending rates, convenient mobile and online access, over 80,000 surcharge-free ATMs and 28 branch locations throughout the state of Minnesota, plus branches in Atlanta, Detroit, Orlando, and Seattle. To learn more, visit www.wingsfinancial.com

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Frequently asked

Who acquired Settlers bank?

Settlers bank was acquired by Wings Financial Credit Union. The deal was reported on November 4, 2022. Wings Financial Credit Union is Minnesota's largest credit union and one of the top credit unions nationally, with over $8 billion in assets and more than 340,000 members. Wings Financial Credit Union is privately held and operates in Financial Services.

When did Wings Financial Credit Union acquire Settlers bank?

Wings Financial Credit Union's acquisition of Settlers bank was reported on November 4, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Settlers bank do?

Settlers bank is a privately owned, premier provider of commercial, treasury, mortgage and private banking services with $390 million in assets operating from three locations in Wisconsin including Appleton. It is privately held, operating in Financial Services.

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