Scott Credit Union agreed to acquire Tempo Bank from Sugar Creek Financial Corp. (OTCPK:SUGR) for $13 million on August 20, 2021. The transaction is expected to close in the second quarter of 2022.

Pat McJoynt of KBW acted as financial advisor for Tempo Bank. Honigman LLP is serving as legal counsel to Scott Credit Union. Luse Gorman, PC is serving as legal counsel to Sugar Creek and Tempo Bank, and Keefe, Bruyette & Woods, Inc., is serving as financial advisor to Sugar Creek and Tempo Bank.