HAPO Community Credit Union in Richland, Wash., has agreed to buy Community First Bank in Kennewick, Wash.
The $2.3 billion-asset credit union said in a press release that it plans to buy the $632 million-asset Community First in the third quarter of 2025. The price wasn’t disclosed.
HFG Trust, a unit of Community First, will be restructured as an independent entity. HAPO will enter a strategic partnership with HFG Trust to give its members the option of using HFG Trust’s wealth management and trust services.
“This acquisition will enhance HAPO’s capacity to support local economic growth and address the financial needs of residents and businesses more effectively,” Scott Mitchell, the credit union’s president and CEO, said in the release.
HAPO was advised by ALM First Analytics and Honigman.