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acquisitionAnnounced · Feb 19, 2026BankingSource · CredibleArticle · Factual
Peoples Independent Bank
Alabama One Credit Union
Peoples Independent Bank · Alabama One Credit Union

Alabama One Credit Union acquires Peoples Independent Bank

David Najork
David Najork · Founding Software Engineer
Published · Updated · 1 min read
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Deal value
$476M
Target
Peoples Independent Bank
Peoples Independent Bank
Boaz, Alabama
Acquirer
Alabama One Credit Union
Alabama One Credit Union
Full Acquisition
Status
Pending

Alabama One Credit Union agreed to acquire Peoples Independent Bank. Reported deal value: $476M. Status: Pending. Sector: Banking. Target headquarters context: Boaz, Alabama, United States.

This page summarizes publicly available information about the transaction as of 2026-02-19. Figures and status may change as filings and press coverage update.

Alabama ONE Continues Growth Strategy With Proposed Acquisition of Peoples Independent Bank By February 19, 2026 at 05:04 PM Share & Print Recommended For You / For questions about Credit Union Times, please call 800-458-1734 , or send an email to

Deal timeline

Announced
Feb 19, 2026 · cutimes.com
Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.
Sector context

This transaction is classified in Banking with a reported deal value of $476M. Figures and status may change as sources update.

Sources: cutimes.com · Primary article · FireStrike proprietary index