Honigman Advises Y-12 Federal Credit Union in its Acquisition of First State Bank of the Southeast

Honigman advised Y-12 Federal Credit Union, a not-for-profit financial institution, in its acquisition of First State Bank of the Southeast (FSB).

The acquisition, which was finalized on July 1, 2025, expands Y-12 Federal Credit Union’s presence into Southeast Kentucky. It also formally brings FSB’s eight branches into the Y-12 Credit Union branch network. The branches will operate as FSB, a Division of Y-12 Credit Union until the completion of a full system integration scheduled for 2026.

This acquisition furthers Y-12 Credit Union’s long-term growth strategy, now positioning the Credit Union to serve more than 140,000 members with over $2.6 billion in assets. 

Honigman, which has closed more credit union – bank acquisitions than any other law firm, advised Y-12 Federal Credit Union in this acquisition. The team was led by Partners Michael M. Bell, Brandy Bruyere, and Justin D. Gingerich.