River Region Credit Union Awaits Approval to Acquire Missouri Credit Union

Deal News | Feb 06, 2025 | EIN

River Region Credit Union Awaits Approval to Acquire Missouri Credit Union

River Region Credit Union is set to acquire Missouri Credit Union after receiving preliminary approval from the National Credit Union Administration. The acquisition is contingent upon the approval of Missouri Credit Union's voting members, who will receive a ballot to decide on the merger. President and CEOs of both credit unions herald this merger as a pivotal movement towards enhanced growth, stability, and service improvements. The merger promises to integrate assets under a new name and expand service offerings, technical capabilities, and access across Missouri, with an operational commencement anticipated later this year.

Sectors

  • Financial Services

Geography

  • United States – Both credit unions are located in the United States, with a focus on expanding services across Missouri in particular.
  • Missouri – The credit unions are located and operate primarily within Missouri, impacting communities such as Jefferson City, Columbia, Ashland, and Springfield.

Industry

  • Financial Services – The acquisition involves credit unions, which are part of the financial services industry providing banking services to members.

Financials

  • Not specified – Details on the financial terms of the acquisition are not provided in the article.

Participants

NameRoleTypeDescription
Missouri Credit UnionTarget companyCompanyA credit union serving its members in Missouri, subject to acquisition by River Region Credit Union.
River Region Credit UnionBidding companyCompanyThe credit union acquiring Missouri Credit Union to expand its service offerings and reach.
Hal JamesCEO of Missouri Credit UnionPersonPresident and CEO of Missouri Credit Union, advocating for the merger as a means to achieve growth and success.
Rick NicholsCEO of River Region Credit UnionPersonPresident and CEO of River Region Credit Union, supporting the merger for improved services and reach.
National Credit Union AdministrationRegulatory bodyGovernmentThe federal agency that approved the initial acquisition proposal between the two credit unions.