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KCAU 9 News

Levo Credit Union to acquire a branch of Heritage Bank in Sioux City

By Johnathan Mack,

13 days ago

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SIOUX CITY, Iowa (KCAU) — A Sioux Falls credit union has acquired a Heritage Bank branch in Sioux City.

Levo Credit Union entered into an agreement with Heritage to take over the Singing Hills branch. The agreement needs to be approved by regulatory authorities and signed by both Levo and Heritage.

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The credit union will take on some deposits and loans along with property like the branch. That process is expected to take several months.

Levo said the company plans to offer employment to current Heritage branch staff. Heritage added that they expect their customers to officially transition to Levo in the fourth quarter of this year when the transaction closes.

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