ELGA Credit Union Completes Acquisition of Marine Bank
ELGA Credit Union (“ELGA CU”), today announced that it has completed its acquisition of Marine Bancorp of Florida, Inc. (OTCMKTS: MBOF), the holding company for Marine Bank & Trust Company (“Marine Bank”). This follows receipt of all required approvals, including from all relevant regulatory authorities and from the Company’s shareholders. Pursuant to the agreement, Marine Bank shareholders will receive $43.75 in cash for each share owned.
