CHEYENNE – Cheyenne-based Blue Federal Credit Union has announced the acquisition of two Liberty Savings Bank branch locations in Colorado.
The transaction, which has been in the works for more than a year, was approved by regulators in November, and includes acquiring nearly $100 million in deposits and two physical branch locations in Denver and Granby, Colorado.
Matt Kluding, Liberty Savings Bank President supported the move in a prepared statement: “We want to thank our Granby and Monaco branch customers. Blue Federal will be a good fit for them.”
The transaction is expected to close in February.
“We are excited to have the opportunity to welcome the 2,149 Liberty Savings Bank customers as member/owners of Blue, while providing great convenience for our existing members in this area,” Stephanie Teubner, president/CEO of Blue, said in a prepared statement.
Chartered in 1951, Blue Federal Credit Union is a not-for-profit institution that serves more than 90,000 member/owners worldwide and will be expanding on their 17 existing branch locations throughout Wyoming and Colorado.