The Desjardins Credit Union Inc. said Tueday that it has completed the the acquisition of the Province of Ontario Savings Office from the Ontario government.

POSO has $2.2 billion in deposits, 140,000 accounts and closed to 75,000 clients. The majority of POSO’s personnel has decided to remain with DCU and will continue to serve these clients.

“For over two months, we have been working very closely with the government of Ontario, to insure a smooth transition”, said Jean-Guy Langelier, chairman of the board of DCU.

In January 28, DCU was the successful bidder to acquire. The POSO network is composed of 23 branches and five agencies.