The Louisiana-based Barksdale has agreed to purchase HomeBank of Arkansas for an undisclosed price. It is the fourth deal involving the sale of a bank to a credit union in less than two weeks.
Robins Financial Credit Union is acquiring the $430 million-asset Persons Banking Co. The deal, announced Monday, comes less than a week after Georgia’s Own Credit Union in Atlanta said it is buying Vinings Bank in Smyrna.
The purchase of Vinings Bank in Smyrna, Georgia, is the year's first instance of a credit union buying a bank. There were 13 such acquisitions announced last year.