Landmark Credit Union Acquires North Shore Bank Branch in McHenry, IL
Landmark Credit Union has completed the acquisition of a branch from North Shore Bank located in McHenry, Illinois. This move adds over $30 million in deposits to Landmark's portfolio and marks an expansion into McHenry County as part of its broader growth strategy. The transaction was announced earlier this year after receiving necessary regulatory approvals. The acquired branch at 1689 N. Curran Rd. transitioned operations on August 31, with all customer accounts now eligible to become Landmark Credit Union members. While the acquisition included physical assets and deposits, it did not include loan relationships from North Shore Bank. Employees of the McHenry branch were offered continued employment opportunities at Landmark. Timothy Mackay, president & CEO of Landmark Credit Union, expressed enthusiasm about welcoming new members and enhancing services for existing ones through expanded resources and digital banking options.
Topics: acquisition banking credit union expansion