Growth strategies

What credit unions can do to take advantage of new FOM rules

04/12/17

CUs will have improved opportunities to add areas, sources say, but new rules ‘not a panacea.’

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First Community to buy Cornerstone in South Carolina

04/12/17

The deal, which is expected to close in the fourth quarter, values Cornerstone at $25.8 million.

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BMO's new CEO says conditions right for U.S. push

04/10/17

Bank of Montreal, Canada's oldest lender, has turned to a former investment banker with an interest in continued U.S. expansion to lead the firm into its third century.

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PacWest to buy CU Bancorp in Los Angeles for $705 million

04/06/17

The deal, which is expected to close in the fourth quarter, should significantly increase PacWest's operations in southern California.

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Cadence in Texas plans $180 million IPO

04/05/17

The Houston company was formed in 2009 to buy struggling banks in the wake of the financial crisis.

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Former Yadkin Financial chief quickly resurfaces to lead Live Oak's bank

04/03/17

Live Oak Bancshares in North Carolina has hired Scott Custer to run its bank. Custer recently resigned as a consultant to F.N.B. Corp. in a move that took place days after F.N.B. bought Yadkin Financial, where he had been president and CEO.

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Canada's biggest credit union looks to go national

03/31/17

Coast Capital Savings, Canada's biggest credit union by membership, plans to expand beyond British Columbia to challenge the dominance of the nation's banks.

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Former Yadkin chief leaves just days after company's sale to F.N.B.

03/31/17

Scott Custer resigned as a director and paid consultant to F.N.B. days after the Pittsburgh company bought Yadkin to enter North Carolina.

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East West sells San Francisco office building for $120 million

03/30/17

The California company will lease space on three floors of the building, while keeping a branch at the location.

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Mid Penn to buy Scottdale Bank in Pennsylvania

03/30/17

Mid Penn agreed to pay $59 million for Scottdale Bank in a deal that is expected to close in the third quarter.

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