New Berlin-based Landmark Credit Union will close on its acquisition of Hartford-based Hartford Savings Bank at the end of the month.
The mutual savings bank’s systems will be converted to Landmark on the weekend of February 28, said Jay Magulski, chief executive officer of Landmark. The signage will change around the same time.
Hartford’s 35 employees will remain in their roles and all three of its branches will be integrated into Landmark. Hartford’s 8,000 customers will be integrated into Landmark, bringing the total to 230,000 customers.
The organization will have 575 employees, 32 branches and $2.45 billion in assets when the conversion is completed.
“Smart growth has always been part of our strategic plan, and so this delivers a significant business and consumer base in two counties that we have already in our chartered area,” Magulski said.
Existing Landmark customers in Washington County will benefit from three additional branch locations, in Hartford, Juneau and Hubertus.
“We will definitely bring an expanded array of products and services,” he said. “We think there will be a number of Hartford small business customers that will appreciate that value.”
Landmark will continue to pursue acquisitions as they make sense, Magulski said.
“We are always looking for smart ways to continue to grow our business that can be done in a sound and profitable manner,” he said.
