News Topic: Consolidations

Members of St. Matthews Federal Credit Union are set to vote on whether to join the $2.3 billion-asset Chartway before the end of the year. ... Read full article

Having already changed charters for a statewide field of membership, the Jackson, Mich.-based institution will now merge with Washtenaw Federal Credit Union. ... Read full article

Go Federal Credit Union CEO Bert Beal will take the helm of the combined institution once they join America's Credit Union. ... Read full article

A pending combination with Animas Credit Union will broaden the Albuquerque-based institution's reach in northern New Mexico. ... Read full article

A plan to merge the $5.5 million-asset credit union into Cal-Com FCU will provide additional services for members while also easing the process of replacing several employees who plan to retire this year. ... Read full article

The two institutions have assets of more than $215 million and serve over 12,000 members. ... Read full article

Pathways Financial's acquisition of Standard Register FCU increases its foothold in the Dayton market. ... Read full article

Data from the National Credit Union Administration shows that despite a dip during the second quarter, the rate of industry consolidation has not changed dramatically from last year, despite the pandemic. ... Read full article

Members of Sperry Associates FCU will vote on a deal to merge into the nation's third-largest credit union. Both institutions have roots in serving the defense sector. ... Read full article

When small banks leave the community, it makes sense for credit unions to fill the void. ... Read full article

If regional banks really want to compete against behemoths and nonbank entrants they need to emphasize products over M&A. ... Read full article

Readers react to whether the next presidential debate will discuss banking, how California's financial policies are bleeding into other blue states, suggested reforms to the Community Reinvestment Act and more. ... Read full article

Next up for BB&T-SunTrust: deciding where to unload branches; how the Trump administration would reform Fannie Mae, Freddie Mac; why the CFPB's payday rule is in the hands of a Texas judge; and more from this week's most-read stories. ... Read full article

Executives at Atlantic Capital Bank had to take a hard look at its strategy and culture after the acquisition of First Security Group dampened employee morale. ... Read full article

The two banks' strong chemistry helped 1st Security's integration of Anchor go smoothly. ... Read full article

3Rivers Federal Credit Union in Indiana will pay about $38 million for West End Bank. ... Read full article

The biggest deal in more than a decade has sparked debate about the pressure for more bank consolidation and whether consumers will be hurt. ... Read full article

Arizona Federal Credit Union said its deal to buy Pinnacle Bank is the first of its kind in the Grand Canyon State. ... Read full article