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In 2015, ViewPoint Financial Group acquired LegacyTexas Bank, merging it with ViewPoint Bank to become one bank under the LegacyTexas name. [ 2 ] [ 3 ] In November 2019, Prosperity Bank agreed to acquire the bank and the acquisition was completed in 2020, with all facilities now branded as Prosperity Bank.
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On May 3, 2021, connectFirst Credit Union was created from the amalgamation of four credit unions: First Calgary Financial, Chinook Financial, Mountain View Financial and Legacy Financial. The organization was established in 1987 through the merger of seven open-bond credit unions , as well as two additional credit union purchases.
Meanwhile, in May 1996, Norwest Financial completed the purchase of $1 billion-asset ITT Island Finance, a consumer finance company based in San Juan, Puerto Rico. About one-quarter of Norwest Corp.'s earnings were generated by Norwest Financial in the mid-1990s, with another 12 percent coming from Norwest Mortgage.
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