Alaska USA Federal Credit Union announced a deal with TCF Financial Corp. to buy the seven TCF Bank branches, along with deposits and certain assets in the Phoenix, Arizona market.

Alaska USA, which itself has eight branches in the Phoenix market, will now have a total of 15 branches in that market. Alaska USA also has a financial center, data center and operations center in Glendale, Arizona and employs more than 300 employees in the state. 

"We are pleased to have found a buyer in Alaska USA that is equally recognized for its outstanding commitment to its credit union members and its employees, and we look forward to working together to provide a smooth transition for our customers and our team members," Michael Jones, executive vice president of regional banking at TCF, said in a company release. 

Financial terms were not disclosed and the deal is scheduled to close during the second quarter of 2020. 

Cover image: TCF
 

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