OGDEN, UT AND LAS VEGAS, NV — Meadows Bank (the “Bank”) recently closed the previously announced transaction, whereby America First Federal Credit Union (“AFFCU”), headquartered in Ogden, Utah, acquired substantially all of the assets and assumed substantially all of the liabilities (including deposit liabilities) of Meadows Bank, effective June 1, 2026. Pricing of the transaction was not disclosed. The completion of this sale marks the largest transaction between a bank and a credit union in U.S. history.
Brean Capital’s Investment Banking Team provided a Fairness Opinion to Meadows Bank on the asset sale.
The Bank plans to distribute all of its remaining assets, including the purchase price received from AFFCU, remaining after taxes and expenses, to Bank shareholders in the near future.
Brean Capital’s Investment Banking Group is dedicated to helping its clients achieve their strategic and financial goals. For more than 50 years, the Firm has specialized in providing capital raising, M&A and financial advisory services to middle market businesses. Throughout its history, Brean Capital has established a track record of providing its clients with deep market knowledge, commitment and experience to ensure a successful transaction. For more information, please visit: www.breancapital.com/InvestmentBanking.