Frontier Credit Union in Idaho Falls has agreed to buy First Citizens Bank of Butte in Montana.
The $687 million-asset credit union announced the planned purchase of the $75 million-asset bank on its website. The price wasn’t disclosed.
“We’re not just expanding our footprint—we’re extending our mission of helping people build better lives,” Frontier CEO Dan Thurman said in the release.
“This transaction brings tremendous opportunities for our customers and employees,” said Casey Reilly, the bank’s CEO. “It’s a natural fit—I’m excited our customers will be in the hands of someone who knows what makes Montana special. They know our community, share our values, and appreciate the uniqueness of Butte.”
First Citizens Bank of Butte is the seventh bank to agree to sell to a credit union this year.