News Topic: Growth strategies

Flush with excess capital, Bank of Montreal, TD Bank and others say they might be in the market to do a cross-border deal. ... Read full article

Bank stocks have climbed because of expectations that the change of power in Washington will hasten vaccine distribution and speed the economic recovery. The boost could give executives more flexibility to pursue acquisitions or make other strategic moves. ... Read full article

In a letter to credit unions, NCUA urged federally chartered shops to expand their fields of membership to underserved areas, regardless of geography, in order to boost financial inclusion in the wake of the pandemic. ... Read full article

Discussions to combine Penobscot County Federal Credit Union and The County FCU began in June 2019 but the deal was not completed until the end of 2020. ... Read full article

The combined institution will hold roughly $30 million in assets and serve about 4,000 members. ... Read full article

Acquiring Boston Private could put the parent company of Silicon Valley Bank years ahead of schedule in catering to the investment needs of high-tech and biomedical clients, whose industries have thrived during the pandemic. ... Read full article

Rockefeller Capital Management will buy Whitnell & Co., a business Associated bought in 2017 that manages $1.4 billion of assets. ... Read full article

The California company, which focuses on technology companies and entrepreneurs, will make a big push into wealth management as part of the proposed acquisition. ... Read full article

The National Credit Union Administration may get a new leader, several institutions could seek to expand their fields of membership, and a pot banking fight may reemerge. ... Read full article

Speculation is swirling that the Boston company will go on a buying spree after raising $1.8 billion, though some investors are advising caution. This tension makes CEO Bob Rivers one of our community bankers to watch in 2021. ... Read full article

The switch to Thomas Cangemi from longtime CEO Joseph Ficalora could foreshadow a push to curtail the company’s reliance on multifamily lending and the pursuit of a bank acquisition that lowers funding costs. ... Read full article

Chris Maher recently unloaded loans hurt by the coronavirus shock, convinced he was freeing the New Jersey company of baggage that could impede a large M&A deal. This assertive move makes him one of our community bankers to watch in 2021. ... Read full article

The company promoted two executives as part of an effort to revamp its leadership team and establish a bigger presence in the Carolinas. ... Read full article

Gilles Gade, one our community bankers to watch in 2021, led an effort that made Cross River Bank one of the biggest Paycheck Protection Program participants. He is ready for his team to pick up where it left off when the new stimulus package kicks in. ... Read full article

Members of $6.3 million-asset FIAFE Federal Credit Union will vote early next year on whether to merge into $43 million-asset Central Credit Union of Maryland. ... Read full article

With one study showing consumers racking up additional credit card debt this season, some members may be eager to consolidate their balances in the year ahead. ... Read full article

Riverside Health System Employees Credit Union has announced plans to merge into the Yorktown-based credit union, which is roughly 100 times its size. ... Read full article

The company will pay $20 million in cash for a bank with two branches and $58 million of loans. ... Read full article