Ohio credit union merger takes effect
Pathways Financial's acquisition of Standard Register FCU increases its foothold in the Dayton market. ... Read full article
News Topic: Growth strategies
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Sound Credit Union in Wash. buying branch from First Interstate
The deal continues Sound's push into markets north of its Tacoma headquarters. ... Read full article
CIT sells wealth management business to FirstSun Capital
CIT inherited the business with its purchase earlier this year of Mutual of Omaha Bank. ... Read full article
Sound Credit Union in Wash. buying branch from First Interstate
The deal continues Sound's push into markets north of its Tacoma headquarters. ... Read full article
Heartland discloses delayed closing for AimBank acquisition
The Iowa company said the coronavirus outbreak and litigation against AimBank will postpone the deal's completion by a few months. ... Read full article
Hanover Bancorp making bigger push into New York with Savoy acquisition
The company will use Savoy's midtown Manhattan office to coordinate business development efforts around the city. ... Read full article
As school year starts, credit unions on campus brace for a slowdown
Institutions serving colleges and universities traditionally see membership surge in the fall, but are now planning for a decline as classes move online. ... Read full article
Kasasa rolls out mortgage offering for credit unions
The product, which is also aimed at community banks, includes a "take-back" option that allows consumers to withdraw extra funds they've paid that go beyond their monthly scheduled mortgage payment. ... Read full article
Credit unions aim to resume bank-buying spree
Whether the number of deals for 2020 can come close to last year's record-setting level will come down to one question: Can community banks generate strong enough profits in the second half to justify their independence? ... Read full article
Alabama banks announce plans to merge
USAL Bancorp will have nearly $300 million in assets after it buys Escambia County Bank. ... Read full article
Enterprise in St. Louis makes coastal push with Seacoast deal
The company will pay $156 million for a bank with a large Small Business Administration lending platform. ... Read full article
Rhineland Bancshares expanding close to St. Louis with acquisition
The Missouri company 's deal for Clifford Bancshares is set to close later this year. ... Read full article
How TCF pulled off huge M&A integration during pandemic
The Detroit regional relied on smaller teams, flexible deadlines and tightly defined tasks to convert the systems of Chemical Financial and rebrand. ... Read full article
Organizers lay out ambitious plan for New Orleans de novo bank
ViZ Bank would eventually have branches across several major U.S. cities, including Dallas, Denver and Atlanta. It would also offer a program to help former inmates build savings and establish credit. ... Read full article
CB Financial hires outsider as next CEO
The Pennsylvania company recruited John Montgomery from First Bank in St. Louis to take the helm on Aug. 31. ... Read full article
French crowdfunding platform courts bank partners to gain U.S. foothold
Ulule is working with Bank of the West to build name recognition. It hopes to collaborate with other banks and credit unions as it vies with larger companies such as Kickstarter and GoFundMe. ... Read full article
Blue Ridge Bankshares, Bay Banks of Virginia to merge
The proposed combination would create a bank with $3 billion in assets in central Virginia. ... Read full article
What’s next for Berkshire Hills after CEO’s sudden exit?
The coronavirus pandemic has created major credit issues at the Boston bank and stymied efforts to improve profits, fueling speculation that the onetime serial acquirer could be a takeover target. ... Read full article
Large Flagstar investor to sell block of shares
MatlinPatterson, which once owned more than 60% of the Michigan company, has been paring back its stake in recent years. ... Read full article
More banks opt to sell PPP loans as heavy lifting nears
Many sellers are ditching the loans to avoid the cumbersome forgiveness process. For others, the Paycheck Protection Program was never a strategic fit. ... Read full article