The Bank Slate


All In FCU agrees to buy SunSouth Bank in Ala.

All In Federal Credit Union in Daleville, Ala., has agreed to buy SunSouth Bank in Dothan, Ala.

The $2.8 billion-asset credit union did not disclose how much it will pay for the $114 million-asset SunSouth. The all-cash deal is expected to close in the first quarter of 2024.

SunSouth, a unit of SunSouth Bancshares, has two branches.

Mercer Capital and Honigman advised All In FCU. SunSouth was advised by Olsen Palmer and Jones Walker.

All In FCU is the third credit union to agree to buy a bank in 2023. Sixteen were announced last year.

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