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GFA FCU Finalizes Purchase Of New Hampshire Bank

Jan 2, 2013 | Reprints | Unlock Link | Print

GFA FCUmasthead_logo GFA Federal Credit Union has completed the $6.4 million cash acquisition of the $83 million Monadnock Community Bank in Peterborough, N.H.

Monadnock Community Bank’s Peterborough branch will remain open, giving GFA its second New Hampshire location.

The Gardner-based, $353-million GFA FCU agreed to purchase the New Hampshire community bank in March, but just recently secured all of the required regulatory approvals.

GFA operates branches in Fitchburg, Ashburnham and Gardner.

All but four of Monadnock’s employees will continue working at GFA.

Banking & Lending