Heritage NOLA Bancorp and OnPath Complete Major Financial Transaction
Heritage NOLA Bancorp and OnPath Complete Major Financial Transaction
On April 1, 2026, Heritage NOLA Bancorp, Inc. made an official announcement regarding the successful completion of a significant purchase and assumption transaction. This deal involved the sale of the majority of Heritage Bank of St. Tammany's assets, along with the assumption of its liabilities, to OnPath Federal Credit Union. The financial transaction marks a critical juncture for both institutions, indicating a strategic move to bolster their market positions and enhance the financial services offered to their respective customer bases.
Overview of the Transaction
The deal, openly referred as the
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