News Topic: Growth strategies

A deal to bring Coulee Dam FCU into the fold will expand the Spokane, Wash.-based credit union's branch network while providing a wider array of technologies to the former CDFCU members. ... Read full article

Broadway Financial had hit a plateau and was in search of a successor to its longtime CEO Wayne-Kent Bradshaw. After the Los Angeles company rejected two buyout offers, Bradshaw reconnected with an old friend at CFBanc in Washington. ... Read full article

Intensifying competition from banks could persuade large credit unions — particularly those with more than $1 billion of assets — to join forces in 2021. ... Read full article

Amerant Mortgage includes several former bankers from City National Bank of Florida in Miami. ... Read full article

The Louisiana company has agreed for the second time to acquire Cheaha Financial Group in Alabama. ... Read full article

Nitin Mhatre, who ran Webster's consumer and business banking operations, will become the company's third CEO in less than three years. ... Read full article

The Minnesota credit union’s deal for Brainerd Savings & Loan comes about 11 months after it bought Neighborhood National Bank in Minnesota. ... Read full article

Flush with capital from issuing subordinated debt, Peapack-Gladstone is exploring acquisitions in Florida and New York in an effort to generate more fee revenue. ... Read full article

Mergers and acquisitions were largely on ice in 2020, but banks' mounting need to control expenses and invest heavily in technology could spur a comeback this year. ... Read full article

A recent agreement with the California Cannabis Industry Association will make it easier for legal cannabis businesses across the state to join the $92 million-asset credit union. ... Read full article

The Connecticut company said it will take several years to shut down the locations, which are located in Stop & Shop stores. About 80% of the branches are within five miles of traditional locations. ... Read full article

Southern Bancorp, which recently raised $35 million in capital, agreed to acquire DeWitt First Bankshares, the parent of Arkansas County Bank. ... Read full article

The company, poised to complete its purchase of Radius Bank, will enjoy new cross-selling opportunities, gain additional sources of fee income and capital as well as benefit from greater regulatory clarity, CEO Scott Sanborn says. ... Read full article

The Illinois company will pay $191 million for the parent of Glenview State Bank. ... Read full article

Weeks away from succeeding Michael Corbat, Jane Fraser said she’d consider streamlining some units or divesting others as part of her effort to kick-start return on equity. ... Read full article

The Pittsburgh company intends to continue adding commercial offices and retail branches in markets it had been eyeing before agreeing to buy BBVA USA for $11.6 billion. ... Read full article

Diane Arnold, who will succeed the retiring Gregory Shook in July, has been with the bank since 2002. She is currently the chief lending officer. ... Read full article

The deal is a sign of further consolidation among Twin Cities-area credit unions, following another combination announced in May. ... Read full article