Legacy Expands into Cullman, AL Through First Community Bank Acquisition
Exciting news for the Cullman community! Legacy Community Federal Credit Union has announced plans to acquire First Community Bank of Cullman, bringing together two financial institutions with deep roots in community service. The agreement, unanimously approved by both institutions’ Board of Directors, marks a strategic move that will strengthen financial offerings for local residents and businesses.
A Natural Partnership
Legacy Community Federal Credit Union has been serving communities for over 70 years, focusing on financial solutions that empower individuals and businesses. Glenn Bryan, President and CEO of Legacy, expressed enthusiasm about the expansion, saying, “Our culture emphasizes excellence, education, energy, and empowerment, and we look forward to bringing our approach to financial service to the people of Cullman County.”
First Community Bank, which has been a staple in the Cullman area for over a century, shares similar values. Billy Faulk, President and CEO of First Community, stated, “After decades of service, our Board of Directors sought a partner who could take our service to the next level. We found that in Legacy, and we are confident this decision will benefit our customers and community for years to come.”
What This Means for Customers
Both institutions are financially strong, and by joining forces, they will offer an even greater range of banking products and services. Customers of First Community Bank can look forward to:
- Cutting-edge digital banking options
- Competitive checking account choices
- High-yield savings accounts
- Expanded consumer and business banking services
Completion of the acquisition is pending regulatory approvals, with finalization expected later this year.
Looking Ahead
This acquisition is more than a business deal—it’s about strengthening the financial future of Cullman County. Legacy and First Community Bank are committed to making this transition smooth, ensuring customers continue to receive the exceptional service they trust.
Stay tuned for updates as this exciting new chapter unfolds!
Full Press Release can be found HERE.
