The Bank Slate

INSIGHTS INTO THE BANKING INDUSTRY

Levo Credit Union to buy Iowa branch from Minnesota bank

Levo Credit Union in Sioux Falls, S.D., plans to buy a branch from Heritage Bank in Spicer, Minn.

An application for the sale of the Sioux City, Iowa, branch was filed with the Federal Deposit Insurance Corp.

The $472 million Levo expects to complete the purchase in the fourth quarter. The branch has $33 million of loans and $33 million of deposits.

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