GreenState Credit Union, one of the largest credit unions in the Midwest, has purchased Midwest Community Bank (MCB) and its subsidiary Blueleaf Lending, LLC. The transaction is set to close officially during the second quarter of 2022.

Since its founding in 1965, MCB has grown substantially. Currently, the firm has over $411 million in assets and serves more than 20,000 customers. And now, with the acquisition, GreenState will take on nearly all of the assets and liabilities of both MCB and Blueleaf, including their loan production offices located throughout Chicagoland.

With 24 branch locations throughout Illinois, Iowa, Wisconsin, Nebraska and South Dakota, GreenState has roughly $8 billion in assets and 350,000 members — prior to the new acquisition. “The combined resources of GreenState and Midwest Community Bank will produce excellent opportunities for their customers and the communities they live in,” said GreenState President and CEO Jeff Disterhoft. “It means improvements in product pricing, expansion of branch locations and additional digital convenience services that will improve the financial lives of their customers.”

MCB Co-CEOs Mark and Todd Wright also shared their excitement over the recent transaction in a press release. “Our bank has a long history of providing exceptional customer service and giving back to our communities,” they said. “When we set out to find a potential partner, we wanted one that matched up well with our core value of nurturing long-term customer relationships. We found that alignment with GreenState Credit Union. Together we will be able to do great things for our staff, our customers, and the communities we serve. We couldn’t be more excited about the future.”