M&A Deal Summary

Wings Financial Credit Union Acquires Settlers Bank

On November 2, 2022, Wings Financial Credit Union acquired financial services company Settlers Bank

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

M&A Deal Summary
Date 2022-11-02
Target Settlers Bank
Sector Financial Services
Buyer(s) Wings Financial Credit Union
Deal Type Add-on Acquisition
Advisor(s) Oak Ridge Financial Services Group, Inc. (Financial)
Boardman & Clark (Legal)

Target

Settlers Bank

Marietta, Ohio, United States
Settlers Bank is a community bank that serves individual and business customers in the surrounding area. Settlers Bank was formed in 1999 and is based in Marietta, Ohio.

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Buyer(S) 1

Buyer

Wings Financial Credit Union

Apple Valley, Minnesota, United States
Category Company
Founded 1938
Sector Financial Services
DESCRIPTION

Wings Financial Credit Union is a credit union where members are also owners. Earnings are reinvested in the credit union in the form of higher savings yields, lower loan rates, fewer and lower fees, and enhanced services. Wings Financial Credit Union was formed in 1938 and is based in Apple Valley, Minnesota.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Mergr

Product

Company

Legal