Two Hoosier Financial Institutions Announce Merger
FORT WAYNE and RICHMOND - Two eastern Indiana financial institutions have announced they’re joining forces. Fort Wayne-based 3Rivers Federal Credit Union and Richmond-based West End Indiana Bancshares Inc. have signed a purchase agreement, which has been approved by the boards of directors of both organizations.
“This acquisition will allow us to expand our footprint to serve more people and communities in Indiana, and it will result in expanded product, service and technology offerings for West End Bank’s customers as well,” said Don Cates, 3Rivers president and CEO.
Customers of West End Bank will become members of 3Rivers Credit Union. Together they operate 20 branches with over 400 employees and total assets of approximately $1.4 billion. If all goes as planned, the 3Rivers deal is expected to close in the first quarter of 2020.