Honor Credit Union entered into an agreement to acquire Decatur, Mich., Branch from Edgewater Bank for $0.22 million on August 30, 2013. The purchase price will be funded with cash on hand and approximately $10 million of advances from the Federal Home Loan Bank of Indianapolis. Edgewater Bank in Decatur will be changing its name to Honor Credit Union to reflect the new ownership. The transaction is subject to regulatory approval and is expected to close December 16, 2013.

As on December 20, 2013 it was announced that the transaction will close in the first quarter of 2014.