The Bank Slate


22nd State in Ala. to sell five branches to All In Credit Union

All In Credit Union in Daleville, Ala., has agreed to buy five Alabama branches from 22nd State Bank in Louisville, Ala.

The $3 billion-asset credit union said in a press release that the branches are in Brewton, Clayton, Eufaula, Geneva and Louisville. After the sale closes, the $250 million-asset 22nd State will move its charter to Mobile, Ala.

The deal is expected to close in the third quarter. The price wasn’t disclosed.

The branches had $145 million of deposits and $130 million of loans on Oct. 31.

“This move allows us to expand our presence in our home base of south Alabama,” Bobby Michael, All In’s president and CEO, said in the release.

All In was advised by Honigman. Olsen Palmer and Jones Walker advised 22nd State.

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