The merger solidifies America First’s presence in Clark County, Nevada, while absorbing the full Meadows Bank workforce. With the acquisition, the combined institution now manages $22.8 billion in deposits, offering Meadows Bank’s former clientele access to America First’s broader suite of financial services, including expanded wealth management and commercial lending options.
In section Releases
America First Credit Union Finalizes Acquisition of Meadows Bank
Utah-based America First Federal Credit Union has finalized its purchase of Meadows Bank, integrating the Nevada institution’s assets and liabilities into its own network. The deal, completed May 31, 2026, creates a combined entity with $26.4 billion in assets and a footprint spanning 122 locations across the Western United States.
Thayne Shaffer, President and CEO of America First, cited the alignment of corporate values and the desire to bolster business services in the Nevada and Phoenix markets as primary drivers for the deal. Meadows Bank, founded in 2008, brings a portfolio of $1.45 billion in assets and six locations to the cooperative. William Bullard, Chairman of Meadows Bank, noted that the transition aims to preserve the relationship-driven banking model that defined the bank since its inception. Financial and legal advisory for the transaction was provided by Hovde Group, Honigman LLP, Janney Montgomery Scott LLC, and Hunton Andrews Kurth LLP.
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