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M&A Report: Local credit union announces major merger

Summary by New Orleans CityBusiness
Reflecting a national consolidation trend in the credit union industry, Jefferson Financial Federal Credit Union (“Jefferson”) and Keesler Federal Credit Union (“Keesler”) announced their plans in November to merge the two institutions. After Biloxi-based Keesler acquires Metairie-based Jefferson, it will operate a total of 55 branch locations in the Gulf South and the United Kingdom, including 21 in Louisiana. Keesler will absorb Jefferson’s $7…
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