News Topic: Branch deals
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American Partners FCU enters Virginia via old Fidelity Bank branch
The North Carolina-based credit union, which purchased the vacant bank branch last summer, serves some members across the state line but has not had a brick-and-mortar presence there until now. ... Read full article
If HSBC’s selling its branches, who’s buying?
The U.K. banking giant is reportedly mulling an exit from retail banking in the United States. It could attract more interest if it tries to sell its network in pieces instead of looking for a single buyer, analysts say. ... Read full article
Berkshire Hills shedding fifth of its branches
The Massachusetts company, which had a big second-quarter loss after writing down the goodwill tied to past acquisitions, will sell eight locations to Investors Bancorp and shutter another 16 offices. ... Read full article
Simmons Bank to sell 4 St. Louis-area branches to CEFCU
The deal will expand the credit union's brick-and-mortar footprint to more than 30 locations across Illinois and California. ... Read full article
ConnectOne selling two branches to Rhinebeck Bancorp
The sales are part of ConnectOne's strategy to replace traditional retail branches with banking hubs backed by technology. ... Read full article
Lake Trust Credit Union to buy branch from Mercantile Bank
The deal will expand the credit union's reach into western Michigan at a time when a growing number of banks are trimming their networks. ... Read full article
STCU to expand footprint with Umpqua branch deal
The Liberty Lake, Wash.-based credit union has agreed to buy four branches from the Roseburg, Ore.-based bank. ... Read full article
Sound Credit Union in Wash. buying branch from First Interstate
The deal continues Sound's push into markets north of its Tacoma headquarters. ... Read full article
Sound Credit Union in Wash. buying branch from First Interstate
The deal continues Sound's push into markets north of its Tacoma headquarters. ... Read full article
Bank OZK exits another state by selling branches
The Arkansas bank is selling two South Carolina branches to a credit union just two weeks after announcing plans to divest its branches in Alabama. ... Read full article
Bank OZK to exit Alabama with branch sales
The Arkansas bank is selling its two branches in the state to Merchants & Marine Bancorp and FEB Bancshares. ... Read full article
Heartland to buy Arizona branches from Johnson Financial
Johnson is exiting the state with the sale of the four locations. ... Read full article
Settlement in Iowa resolves dispute over bank-credit union branch deal
First American Bank agreed to cover costs incurred by the Iowa Division in Banking, while the regulator made it clear that the accord would not set a precedent for future credit union-bank deals. ... Read full article
Another credit union-bank deal, another misinformed complaint
Despite what one critic says, Alaska USA Federal Credit Union’s acquisition of branches from TCF Financial will help underserved communities in Arizona. ... Read full article
Credit union to buy Colorado branches from Liberty Savings
Blue Federal Credit Union in Wyoming will also gain about $100 million in deposits. ... Read full article
Credit union to acquire seven TCF branches in Arizona
Alaska USA Federal Credit Union will nearly double its operations in Phoenix after it buys the locations. ... Read full article
Meta Financial to sell branches in Iowa, South Dakota to Central Bank
The company also disposed of a large agricultural loan that was nonperforming. ... Read full article
MVB to sell four branches in eastern West Virginia to Summit
The move will allow MVB to devote more resources to Northern Virginia and its fintech business. ... Read full article
Royal Financial to boost Chicago-area operations with branch deal
The company will buy two suburban locations from North Shore Bank. ... Read full article