Chesapeake, Virginia – ABNB Federal Credit Union has received all required regulatory approvals from the National Credit Union Administration (NCUA) and the Federal Deposit Insurance Corporation (FDIC) to complete its previously announced acquisition of branch locations in Roanoke Rapids and Louisburg, North Carolina. The transaction is expected to close on October 9, 2026.
ABNB is a member-owned financial cooperative serving more than 76,000 members nationwide and with over $900 million in assets. For over 65 years, the credit union has delivered personalized financial solutions, invested in the communities it serves and built lifelong member relationships. ABNB continues to pursue strategic growth opportunities that expand access to relationship-based financial services and strengthen local communities.
“Regulatory approval is an important milestone and reflects our disciplined approach to growth through thoughtful partnerships,” said Charles A. Mallon, Jr., President and CEO of ABNB Federal Credit Union. “Our focus now is ensuring a seamless transition for customers and employees.
The transaction demonstrates ABNB’s ability to navigate the regulatory approval process and execute complex financial institution transactions while retaining local employees, building on the strong relationships already established in these communities and maintaining operational continuity. As the financial services landscape evolves, ABNB remains focused on strategic partnership opportunities that align with its mission and create long-term value by expanding access to relationship-based financial services for more individuals, families and businesses, investing in employees and strengthening the communities it serves.
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