CNBH Acquisition Updates

This partnership will create meaningful opportunities to expand our footprint, invest in enhanced digital products and services, and better compete in an increasingly competitive financial services environment. By positioning ourselves strategically today, we are ensuring we can continue delivering strong, innovative, and community-focused service for years to come.

Timeline

The CNBH acquisition vote passed on February 2, 2026 by its shareholders. With 6,911 shares voting yes, 0 shares voting no, and 1,039 shares did not vote.

The acquisition is under regulatory review.

On May 14, 2026 the FDIC approved the bank acquisition. The credit union and bank are still waiting on final approval from the OCC and NCUA.

On June 25, 2026, the NCUA has approved the bank acquisition. The credit union and bank are waiting on approval from the OCC.

On June 29, 2026, the OCC approved the bank acquisition.

The closing date for the bank acquisition is November 1st, 2026. 

On November 1st, 2026, former bank customers will be able to continue to cash checks, make deposits, or make withdrawals exclusively at the Hammond and Morristown locations until core processing system conversion.

On March 1st, 2027, we anticipate a core conversion. If bank customers would like to convert their account over to St. Lawrence Federal Credit Union’s core system for digital product access prior to March 1st, please stop into the Hammond or Morristown locations.

ATM’s will be installed at both branch locations, date TBD.