Marine Credit Union expands in southeast Wisconsin with Bank Mutual branch acquisitions

Bank

By Paul Gores

With the acquisition of five Bank Mutual branches, Marine Credit Union one of Wisconsin’s fastest-growing financial institutions will have a presence in Racine and Kenosha counties for the first time.

La Crosse-based Marine, which has been involved in 13 mergers or branch purchases in the past 17 years, said this week that the deal to obtain Bank Mutual locations in Racine, Kenosha and Sheboygan has received regulatory approval.

The bank branches will convert to Marine branches Aug. 28.

Financial terms of the transaction weren’t disclosed, but Marine said it will add $52.6 million in deposits and $13.2 million in loans to its books, along with about 3,000 new members.

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