The company has acquired a federal savings association, Mid-Central Federal Savings Bank in Wadena, Minn., which is converting to a national bank.
The two institutions have assets of more than $215 million and serve over 12,000 members.
The division asked for public feedback as it weighs changes "to reflect emerging trends in the banking and financial services sector."
Pathways Financial's acquisition of Standard Register FCU increases its foothold in the Dayton market.
CIT inherited the business with its purchase earlier this year of Mutual of Omaha Bank.
The deal continues Sound's push into markets north of its Tacoma headquarters.
The Justice Department alleges that the bankers worked with “higher-ranking bank officials” at Washington Federal Bank for Savings in Chicago to falsify records and hide funds prior to the bank's December 2017 collapse.
The company said the sale will provide more consistent financial results and allow it to redeploy funds to support other businesses.
The Iowa company said the coronavirus outbreak and litigation against AimBank will postpone the deal's completion by a few months.
