Hanscom Federal Credit Union (“Hanscom” or “HFCU”) has announced the completion of its previously announced purchase and assumption transaction involving the majority of assets and liabilities of The Peoples Bank (“Peoples Bank”), following receipt of all required regulatory and shareholder approvals. Kent County News reports the transaction, originally publicized in December 2024 and unanimously approved by the Boards of Directors of both organizations, marks Hanscom’s official entry into Maryland and Washington, D.C. Peoples Bank now operates as Peoples Powered by Hanscom Federal Credit Union, systems conversion is expected to be completed in summer 2026.