CAFCU to acquire Ben Franklin Bank.

CAFCU, a financial services provider, agreed to acquire Ben Franklin Bank, a banking services provider. Financial terms were not disclosed. “We have spent a long time seeking to maximize stockholder value and believe that we have negotiated an outstanding transaction for our stockholders. We are enthusiastic about our consolidation with Corporate America Family Credit Union as it significantly expands opportunities for our customers, our employees, and our community. Corporate America Family Credit Union has a history of focusing on the financial success of its members, and this collaboration ensures that customer-focused banking will remain in our community.” C. Steven Sjogren, Ben Franklin Financial President and CEO.