OGDENSBURG, N.Y.–St. Lawrence FCU is buying branches from Citizens National Bank in Hammond and Morristown, N.Y.
Terms of the deal were not released.
SLFCU CEO Amber Taylor said in a statement the move will help keep the credit union competitive while providing more financial services to these communities, including ATMs.
The acquisition could be complete as early as July next year, and needs regulatory approval as well as the blessing of the Citizens National Bank shareholders, the credit union said.
The $252.2-million St. Lawrence FCU said it plans to retain the bank’s employees.
