Announced

Scott Credit Union to acquire Tempo Bank for $14m.

Synopsis

Scott Credit Union, a local credit union, agreed to acquire Tempo Bank, a federal savings bank, for $14m. “We are excited for the opportunity to partner with Tempo Bank and to improve access to our service in Clinton County. Tempo Bank is a well-managed bank, and we believe its robust mortgage lending portfolio will be beneficial to the credit union as we continue making strides for our goal of long-term growth," Frank Padak, Scott Credit Union President and CEO.

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