February 12, 2026
On February 1, 2026, Frontier Credit Union, Idaho Falls, Idaho, completed its purchase of substantially all assets and the assumption of substantially all liabilities of First Citizens Bank of Butte, Butte, Montana, the wholly-owned subsidiary of Butte Bank Shares, Inc. Following the completion of the transaction, Frontier Credit Union had approximately $775 million in assets and 16 branch locations.
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February 4, 2026
On January 31, 2026, Northfield Bancorp, Inc., Woodbridge, New Jersey, and Columbia Financial, Inc., Fair Lawn, New Jersey, entered into a merger agreement pursuant to which Northfield will merge with and into Columbia in a cash and stock transaction valued at approximately $597 million.
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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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