Last-minute arguments from the American Bankers Association have put the National Credit Union Administration on the back foot in advance of an appeal hearing more than a year in the works.
Alliance Bank Central Texas may have found a way around National Credit Union Administration regulations that make it difficult for banks to buy credit unions.
More than 20 banks have been sold to credit unions. A prominent banking lawyer made the case at this year's ICBA convention that banks can become more aggressive acquirers.
The small Wisconsin city features a vibrant economy, low employment and a growing population, but banks that want to buy their way into the market have their work cut out.
