Announced

OnPath Federal Credit Union to acquire Heritage NOLA Bancorp and Heritage Bank of St. Tammany for $29m.

Synopsis

OnPath Federal Credit Union, a financial services and banking product, agreed to acquire Heritage NOLA Bancorp and Heritage Bank of St. Tammany, the holding company for Heritage Bank of St. Tammany, a federally chartered savings bank, for $29m. "We have long admired Heritage Bank of St. Tammany for its 100-year legacy of service and its unwavering commitment to the local community. I have great respect for the values they've upheld and the trust they've built with generations of residents. Welcoming them into the OnPath Credit Union family marks a meaningful step in our continued growth and expansion across Southeast Louisiana. This transition not only strengthens our footprint but also reaffirms our commitment to putting people before profits. We are proud to extend the unique benefits of membership to Heritage Bank's clients and look forward to building lasting financial relationships with them," Jared Freeman, OnPath Credit Union President and CEO.

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MergerLinks - OnPath Federal Credit Union to acquire Heritage NOLA Bancorp and Heritage Bank of St. Tammany for $29m.