An Indiana bank is looking to complete the first outright purchase of a credit union since the financial crisis. Though hurdles exist, some industry observers say more such deals are doable.
United Bankshares in West Virginia was willing to pay a healthy premium for Carolina Financial, one of a dwindling number of available banks with more than $4 billion in assets.
It’s only a matter of time before Silicon Valley “overturns more complex banking functions”; banks would have to help FinCEN identify suspicious firearms sales.