Lutheran Brotherhood To Buy Thrift

Lutheran Brotherhood, a financial services organization that serves members of the Lutheran faith worldwide, has agreed to acquire Metro Community Bank FSB, Minneapolis, for $3.5 million.The organization said acquiring the thrift will enable it to offer its members such services as mortgages and home equity loans, among other loan and deposit products. After the deal is completed, Metro Community will be renamed Lutheran Brotherhood Community Bank and Trust FSB. All of its products and services will be available to the general public, Lutheran Brotherhood added.

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