Horizon Bank in Michigan City, Ind., has agreed to sell a branch in Charlevoix, Mich., to 4Front Credit Union in Traverse City, Mich.
The application was recently filed with the Federal Deposit Insurance Corp.
The branch had $18.6 million of deposits as of June 30, according to FDIC data. The purchase price wasn’t disclosed.
“We are pleased to have Horizon Bank’s Charlevoix customers and employees join 4Front Credit Union,” 4Front CEO Andy Kempf said in a press release. “For nearly 70 years, our commitment has been to serve the Charlevoix community with stability, innovation and genuine local focus. This transition strengthens our ability to continue providing high-quality financial services for both existing and incoming members.”