Lake Michigan Credit Union announces acquisition of Encore Bank of Naples, Fla.

Lake Michigan Credit Union (LMCU), headquartered in Grand Rapids, Mich. has signed a definitive agreement to acquire Encore Bank, headquartered in Naples, Fla. The combined entity will have approximately $5.6 billion in assets, over $9 billion in serviced mortgages, with ten branches in Florida and over 40 in Michigan. “We are delighted that Encore Bank.