Family Savings Credit Union to buy branches from Citizens in Alabama

Family Savings Credit Union in Rainbow City, Ala., has agreed to buy two branches from Citizens Bank & Trust.

The deal for the branches, located in northern Alabama, includes $19 million of loans and $44 million of deposits. The price wasn’t disclosed.

The sale is expected to close in the second half of this year.

Olsen Palmer advised the $1.1 billion-asset Citizens.

The $1.2 billion-asset Family Savings previously bought two branches from Merit Bank.