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.

Scott Credit Union completed the acquisition of Tempo Bank from Sugar Creek Financial Corp. (OTCPK:SUGR) on June 17, 2022. The transaction has been unanimously approved by the board of directors of Sugar Creek, Tempo Bank and SCU, as well as the approval of Sugar Creek's stockholders and regulatory approval.