Pima Federal Credit Union to acquire Republic Bank of Arizona.

Pima Federal Credit Union, a personal and business banking products and services provider, agreed to acquire Republic Bank of Arizona, a locally-owned community business bank. Financial terms were not disclosed. “We are happy to announce our entrance into Phoenix and Maricopa County through this partnership with Republic Bank. This strategic move is not only rooted in our shared values but also aligns with our growth objectives, presenting an exceptional opportunity to enhance our service to the local community. We are excited to bring our commitment to excellence and dedication to the businesses and people of Maricopa County. Together, leveraging the strengths and talents of both teams, we look forward to creating a positive impact in Maricopa County while continuing to offer an unmatched banking experience in our existing markets,” Eric Renaud, Pima President and CEO.