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Connects FCU acquires Virginia Boxer FCU

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Connects FCU acquires Virginia Boxer FCU

Connects FCU on Dec. 1 acquired Virginia Boxer FCU, RichmondBizSense.com reported Dec. 14.

Both entities are based in Richmond, Va. As of Sept. 30, Connects had $75.8 million in assets; Virginia Boxer had $2.6 million.

Virginia Boxer's former CEO, Grace Siple, will stay on to wind down the Lakeside office and to work on certain back-office assignments.