Advia Deal Expands Its Presence in Illinois
Advia Credit Union announced today it's buying Golden Eagle Community Bank as Advia’s continues its growth in Illinois and southern Wisconsin. The should be finalized in early 2019 Golden Eagle's parent, GECB is headquartered in Woodstock, IL, with two additional branches in Crystal Lake, IL and Cary, IL. The deal puts thirteen Advia locations in Northern Illinois and Southern Wisconsin, in addition to the nineteen Advia location in Michigan.
“Advia is a strong financial institution and we believe our employees, shareholders, and the community will all benefit from the proposed transaction,” said Steven Finzel, President, CEO & CFO of GECB. “In addition to their size and resources, Advia has the proven ability to provide competitive and innovative products to our consumer and commercial clients – with focus on their overall financial well-being.” -Advia release
Advia has currently has approximately $1.7 billion in assets, employs 600 and currently ranks in the top 3 percent in the nation among credit unions.
The deal still needs regulatory and shareholder approval.
Woodstock, Illinois is where the movie "Groundhog Day" was filmed. It's also where famed movie maker Orson Welles called "home".