Credit union buys bank

A local credit union recently purchased a Green River-based bank, resulting in a credit union with more than $218 million in assets.

Trona Valley Community Federal Credit Union purchased State Bank in a deal designed to bolster Trona Valley’s presence in Green River and Rock Springs.

The deal was announced through a media release from Trona Valley.

Despite purchasing a bank, Jeremy Gibson, the President and CEO of Trona Valley said it will remain a credit union.

Gibson said while deals where credit unions purchase banks are uncommon, the surviving entity in the transaction remains.

“We are exc...

 

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