MSU Federal Credit Union to acquire Algonquin State Bank.

MSU Federal Credit Union, an American credit union, agreed to acquire Algonquin State Bank, an FDIC insured bank. Financial terms were not disclosed. “This partnership with Algonquin State Bank and its customers will further expand our presence in McHenry County and surrounding Chicagoland areas. The combined resources of MSUFCU and Algonquin State Bank will produce excellent opportunities for both our members and their customers and the communities they live in, with an expanded array of resources and products and additional branch locations,” April Clobes, MSUFCU President and CEO.