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New Deal


Announced

Beacon Credit Union to acquire Mid-Southern Savings Bank.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Banks

bank

Friendly

Single Bidder

savings bank

Majority

Private

United States

Acquisition

Domestic

Pending

Synopsis

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Beacon Credit Union, a full-service financial institution, agreed to acquire Mid-Southern Savings Bank, a chartered savings bank. Financial terms were not disclosed. “We’re excited to bring the benefits of Beacon Credit Union to Mid-Southern Savings Bank’s customers and communities. This acquisition is a win – win for everyone involved as it provides Beacon’s competitive services and products to new communities and provides a more expansive footprint for our Southern Indiana market. We extend a warm welcome to the customers of Mid-Southern Savings Bank,” Dustin Cuttriss, Beacon Credit Union President and CEO.

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