Charlotte Metro Federal Credit Union said Monday that plans to acquire Premier Federal Credit Union have been approved by Premier’s members.
The acquisition is expected to be completed in August, at which time the combined credit union will unveil a new brand name.
Premier, based in Greensboro, operates seven branches with $226 million in total assets. Besides its branch at 1400 Yanceyville St., it also has two branches in Salisbury and one each in Asheville, Forest City, Graham and Kings Mountain.
Charlotte Metro will have 91,000 members and 17 branches and total assets of $1 billion. Bob Bruns will serve as chief executive of the combined credit union.
336-727-7376
Tags
The business news you need
With a weekly newsletter looking back at local history.
Richard Craver
Get email notifications on {{subject}} daily!
{{description}}
Email notifications are only sent once a day, and only if there are new matching items.
