The Southern California-based credit union would add a fourth branch in the Cowboy State if members of the merging credit union approve the deal.
Blue Federal Credit Union in Wyoming will also gain about $100 million in deposits.
The San Francisco bank is also bulking up in Florida and Wyoming, no-tax states where many of its affluent clients have retired or have second homes.
Utah this week became the third state to let companies test cutting-edge financial products without fear of violating licensing and other regulations.
Industry lawyers say the agency’s decision could have implications for other bankers looking to change jobs.
