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Calif. regulator approves SchoolsFirst FCU/Schools Financial CU merger

The California Department of Business Oversight approved Santa Ana, Calif.-based SchoolsFirst FCU's merger with Sacramento, Calif.-based Schools Financial CU, according to the regulator's October bulletin.

As of June 30, SchoolsFirst FCU had total assets of $16.01 billion and Schools Financial CU had total assets of $2.09 billion, according to S&P Global Market Intelligence data.