Crane Credit Union Expands

(IIB photo courtesy: Wes Mills)

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Odon-based Crane Credit Union says it has completed the acquisition of Our Community Bank, headquartered in the Owen County town of Spencer. Crane says the purchase was first announced about a year ago and the deal was completed Tuesday, having received board and regulatory approval.

OCB has two locations, one in Spencer and the other in Cloverdale. Both branches will operate as branches of Crane.

“We look forward to assisting the Our Community Bank team in Spencer and Cloverdale in building on their existing customer relationships,” said Crane CU President and Chief Executive Officer Kevin Sparks. “By teaming with OCB, we will expand our services to Owen and Putnam Counties, which fit within our existing market areas stretching from the Greater Indianapolis area to Evansville.”

With the acquisition complete, Crane now has 20 branch locations in central and southern Indiana.