Dive Brief:
- Goshen, Indiana-based Interra Credit Union has agreed to acquire Ohio-based The Hicksville Bank in an all-cash transaction, the companies said Wednesday.
- Terms of the deal weren’t disclosed. The Hicksville Bank, headquartered in Hicksville, Ohio, had $217 million in assets, $137 million in loans and $195 million in deposits as of Dec. 31, 2025.
- The deal awaits approval from regulators and shareholders of the bank’s holding company, Empire Bancshares. The transaction is expected to close by late fall this year, according to an Interra website.
Dive Insight:
Interra, founded in 1932, has about 90,000 members and 16 branches across northwestern Indiana.
The Hicksville Bank, founded in 1901, has four locations – two in Ohio and two in Indiana, according to its website.
Interra has about 325 employees, according to a news release. Mindy Bobay, president and CFO of The Hicksville Bank, said the lender has 42 employees. The credit union said no branch closings or employee cuts will occur due to the acquisition…