Indiana credit union to buy Ohio bank

Goshen, Indiana-based Interra Credit Union has agreed to acquire Ohio-based The Hicksville Bank in an all‑cash transaction, pending regulatory and shareholder approvals.

Key details

• Buyer: Interra Credit Union, headquartered in Goshen, Indiana, with nearly 2 billion dollars in assets.

• Seller: The Hicksville Bank, headquartered in Hicksville, Ohio, with about 217 million dollars in assets, 137 million dollars in loans, and 195 million dollars in deposits as of December 31, 2025.

• Structure: Whole-bank acquisition in an all‑cash deal; specific financial terms have not been publicly disclosed.

• Status/timing: The transaction requires approvals from bank regulators and from shareholders of Empire Bancshares, The Hicksville Bank’s holding company, and is expected to close by late fall 2026.

Geographic and strategic impact

• Footprint: The deal takes Interra across the state line, extending its presence into northeast Indiana and northwest Ohio, including Hicksville and an Edgerton branch.

• Branches and staff: Interra has indicated there will be no branch closures or employee cuts as a result of the acquisition, positioning it as a growth move rather than a consolidation/efficiency play.

• Industry context: This is the fourth whole‑bank acquisition by a credit union announced so far in 2026, continuing a multi‑year trend of credit unions purchasing community banks to accelerate market expansion and deposit growth.

Why it matters

• For customers: Hicksville Bank customers would become members of Interra Credit Union after closing, gaining access to the broader credit union product set while keeping current branches open.

• For the market: The deal underscores ongoing competitive pressure on smaller community banks and highlights how credit unions are using acquisitions to enter new states and diversify their balance sheets.