Global Credit Union to acquire First Financial Northwest Bank for $231m

Alaska-based Global Credit Union has agreed to acquire First Financial Northwest Bank for $231.2 million in an all-cash deal. The acquisition will allow Global Credit Union to expand its business and commercial services and enhance its branch presence across western Washington. First Financial's customers will be transferred to Global and gain access to its products and services. The transaction is expected to close in Q4 2024, subject to regulatory approvals and shareholder approval.

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