M&A Deal Summary

Crane Credit Union Acquires Our Community Bank

On August 19, 2020, Crane Credit Union acquired financial services company Our Community Bank

Acquisition Highlights
  • This is Crane Credit Union’s 1st transaction in the Financial Services sector.
  • This is Crane Credit Union’s 1st transaction in the United States.
  • This is Crane Credit Union’s 1st transaction in Indiana.

M&A Deal Summary
Date 2020-08-19
Target Our Community Bank
Sector Financial Services
Buyer(s) Crane Credit Union
Deal Type Add-on Acquisition

Target

Our Community Bank

Spencer, Indiana, United States
Our Community Bank serves individuals and businesses throughout Owen, Putnam, and surrounding counties. Since its inception, OCB has helped community residents achieve financial stability, become homeowners, and strengthen the local economy. The institution has earned a reputation for its personal customer service and neighborly friendliness.

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Buyer(S) 1

Buyer

Crane Credit Union

Odon, Indiana, United States
Category Company
Founded 1955
Sector Financial Services
DESCRIPTION

Crane Credit Union offers a full array of products and services, prides itself on member service and community involvement, and strives to offer better rates on loans and deposits than competitors. CCU recently announced the acquisition of Community State Bank of Southwestern Indiana in Poseyville, Indiana, which has $90 million in assets.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
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