Marine Bank is closer to completing its planned merger with ELGA Credit Union and has progressed through the required regulatory review process, with final approvals now on the horizon. We expect the transaction to be completed on or before April 1, 2026, pending regulatory approval.
Once complete, the local teams and trusted relationships you rely on will remain the same and Marine Bank will operate as Marine – a Division of ELGA Credit Union.
Supported by ELGA’s scale and capabilities, Marine customers will gain access to expanded products and services, increased lending capacity, and broader resources, supported by a shared commitment to personal service and strong local relationships.
Additional updates will be shared as we approach closing, and we look forward to welcoming all Marine Bank customers to ELGA Credit Union and beginning this exciting next chapter together.
[If you have a deposit account and recently received a regulatory notice regarding deposit insurance, our team is available to answer any questions and provide additional information. Please contact your Marine Bank relationship team for assistance.]