February 3, 2026
On February 1, 2026, First Savings Financial Group, Inc., Jeffersonville, Indiana, the holding company for First Savings Bank, completed its previously announced merger with First Merchants Corporation, Muncie, Indiana, the holding company for First Merchants Bank. As part of the all-stock transaction, First Savings Bank merged with and into First Merchants Bank.
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February 2, 2026
Luse Gorman, PC is once again the number one legal advisor in the nation for credit union – bank acquisitions, based on number of transactions, as reported by S&P Global Market Intelligence. There were 15 acquisitions of banks by credit unions announced in 2025. Luse Gorman served as legal counsel in 9 of these transactions, which represented 60 percent of the transactions in 2025, covering a broad range of deal types and structures.
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January 20, 2026
On January 5, 2026, Zeal Credit Union, Livonia, Michigan, announced that it had entered into a definitive agreement to acquire substantially all the assets and assume substantially all the liabilities of The Miners State Bank, Iron River, Michigan, the wholly-owned subsidiary of MSB Bankshares, Inc.
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January 16, 2026
On January 1, 2026, Zeal Credit Union, Livonia, Michigan, completed its purchase of substantially all assets and the assumption of substantially all liabilities of Gogebic Range Bank, Ironwood, Michigan, the wholly-owned subsidiary of West End Financial Corp. Following the completion of the transaction, Zeal Credit Union had over $1.0 billion in assets and 17 branch locations.
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January 15, 2026
On January 14, 2026, Community Bank, N.A. (“Community Bank”), a subsidiary of Community Financial System, Inc., entered into an agreement to acquire ClearPoint Federal Bank & Trust (“ClearPoint”) in an all-cash transaction valued at $40 million, subject to a potential purchase price adjustment.
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