Growth strategies

SVB to pay $900 million for Boston Private

01/04/21

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

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How the new year could shake up the credit union industry

01/04/21

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.

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IPO done, expectations mount for Eastern Bankshares

12/31/20

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.

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Diversification, M&A may lie ahead for New York Community under new chief

12/29/20

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.

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OceanFirst chief eyes possible merger of equals next year

12/29/20

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.

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First Reliance in S.C. cites growth push in announcing executive moves

12/28/20

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

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Cross River chief prepares for PPP encore

12/28/20

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.

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Small Baltimore credit unions to join forces

12/24/20

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.

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Glut of holiday shopping could benefit credit unions in 2021

12/23/20

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.

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1st Advantage FCU in Virginia set for merger growth

12/22/20

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

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