On February 28, 2022, Barksdale Federal Credit Union, Bossier City, Louisiana, announced that it had entered into a purchase and assumption agreement to acquire substantially all of the assets and assume substantially all of the liabilities of HomeBank of Arkansas, Greenbrier, Arkansas.

Barksdale Federal Credit Union has approximately $2.0 billion in assets and currently operates 25 branch offices throughout north and central Louisiana and in Longview, Texas.

HomeBank of Arkansas has approximately $73.8 million in assets and operates five branch offices in Damascus, Portland, Greenbrier, Marshall and Little Rock, Arkansas.

Luse Gorman is serving as legal counsel to Barksdale Federal Credit Union in the transaction. The Luse Gorman team consists of Jeffrey Cardone, Michael Brown, and Zachary Davis.

Luse Gorman has acted as counsel on more than 100 bank and credit union M&A transactions during the past five years and more bank and credit union M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.