News Topic: Growth strategies

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

The Connecticut company will receive $120 million in cash from AssuredPartners for People's United Insurance Agency. ... Read full article

The San Diego bank first considered finding a buyer two years ago and had offers in early 2019. The price of the deal it finally reached in the throes of the pandemic was much lower than some earlier offers. ... Read full article

The competition has leading-edge technology, but consumers may be looking for more than just bells and whistles when choosing where to do their banking. ... Read full article

Deal activity, already on pace for its slowest year in more than two decades, will likely remain suppressed until bankers get a handle on credit exposure and more clarity on valuations. ... Read full article

The $282 million-asset institution's new name is intended to build on its work with underserved communities around St. Louis. ... Read full article

The company's outgoing CFO discussed ways the asset cap is stunting growth, but provided no updates at an industry conference on when the restriction might be lifted or the types of jobs it will cut. ... Read full article

At a time when many lenders are shying away from an industry hit hard by the pandemic, State Bank of Texas is going all in. ... Read full article

The bank said the move will provide more flexibility raising capital and more options when it comes to pursuing bank acquisitions. ... Read full article

When Jane Fraser takes the reins of Citigroup in February, she will have to tackle the company’s cards slump, lagging performance metrics and challenges presented by employees’ return to the office. ... Read full article

The pandemic and economic downturn upended most institutions' advertising plans for the year, and many credit unions have had to adjust not only their messaging but also the loan products they are promoting. ... Read full article

Bartow Morgan Jr., who ran Brand Banking when it was sold to Renasant, also plans to raise $150 million to expand the seller's products and services. ... 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 New Jersey company will add three branches in the northern part of the state as part of the transaction. ... Read full article

The bank is selling $355 million of Paycheck Protection Program credits to the Loan Source, a nonbank lender that is also buying PPP loans from three other banks. ... Read full article

The purchase-and-assumption transaction, if approved, would become the first credit union-bank merger in Alabama. ... Read full article

The Vermont-based credit union received the OK from federal regulators to add 650,000 potential members to its FOM, an increase of 15%. ... Read full article