Alabama ONE Credit Union to acquire First Bank of Wadley

Alabama ONE Credit Union has gained approval to complete the acquisition of the First Bank of Wadley’s assets and deposits. (Alabama ONE Credit Union/Contributed) First Bank, a subsidiary of Peoples Independent Bancshares, has a total asset value of $130 million and operates in several Alabama cities including Goldwater, Hollis Crossroads, Rockford, Roanoke, and Wadley. The transaction was unanimously approved by the Board of Directors of both institutions and is expected to close by the end of the year. This is Alabama ONE’s second bank acquisition after purchasing the First Bank of Linden in