The Bank Slate


Texas credit union agrees to buy bank branch

First Central Credit Union in Waco, Texas, has agreed to buy a branch from Citizens State Bank in Woodville, Texas.

The $264 million-asset Citizens applied with the Federal Deposit Insurance Corp. to sell assets and liabilities tied to a branch in Marlin, Texas.

“It is contemplated that this branch location will continue to be operated as an office of First Central Credit Union following the consummation of the proposed transaction,” Citizens said in a legal notice tied to the filing.

The branch had $28 million of deposits in mid-2022, based on FDIC data.

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