CoVantage Credit Union in Antigo, Wis., has agreed to buy LincolnWay Community Bank in New Lenox, Ill.
The $2.7 billion-asset CoVantage said in a release that it expects to complete the purchase of the $277 million-asset LWCBancorp unit in the fourth quarter. The credit union did not disclose the price it will pay.
LincolnWay has two branches, $243 million of deposits and $197 million of loans.
Six credit unions have agreed to buy banks this year.
Mercer Capital and Honigman advised CoVantage. Olsen Palmer and Barack Ferrazzano Kirschbaum & Nagelberg advised LWCBancorp.