New Mexico Bank to Be Acquired by Texas-Based Federal Credit Union

GECU looking to buy Bank of the Southwest

EL PASO, Texas (KVIA) -- GECU, which is the largest locally-owned federal credit union here in El Paso, is looking to buy the Bank of the Southwest. Bank of the Southwest is based in New Mexico and has 11 locations. It has more than $186 million in assets, which GCU will take over once that sale is finalized. Bank of the Southwest will operate under the GCU name. The post GECU looking to buy Bank of the Southwest appeared first on KVIA.

El Paso’s largest credit union looks to expand New Mexico operations with acquisition

El Paso’s largest credit union is looking to make a push into New Mexico, announcing this week that it has agreed to purchase Roswell-based Bank of the Southwest.

New Mexico bank to be acquired by Texas-based federal credit union

An El Paso-based federal credit union is planning to acquire a New Mexico bank to expand its services and range.

El Paso credit union to buy 11-branch bank

GECU said the deal “sets the stage for a strong combined entity that can support even more members and businesses with their financial needs.”

GECU buying Bank of Southwest, expanding into New Mexico

EL PASO, Texas (KTSM) -- GECU, El Paso's largest locally owned federal credit union, announced that it has entered into an agreement to buy Bank of the Southwest, the two financial institutions announced in a news release. The Bank of the Southwest has 11 locations in New Mexico. Following completion of the acquisition, which is [...]

El Paso's GECU to Acquire Bank of the Southwest, Eyeing Expansion into New Mexico with 11 New Branches

GECU is acquiring Bank of the Southwest to expand into New Mexico, adding 11 branches and growing assets to $4.7 billion.