News Topic: M&A

If the deal is approved, the $6.4 million-asset credit union would drop its federal share insurance upon joining Towpath Credit Union. ... Read full article

A deal bringing Charleston County Teachers Federal Credit Union into the fold is South Carolina Federal’s third acquisition of 2020. ... Read full article

Members of Niagara Mohawk Power Corp. Troy Employees Federal Credit Union recently voted to merge with Albany-based CAP COM. ... Read full article

Alliance Data plans to make Bread’s buy now, pay later options available to credit card-issuing merchant clients. ... Read full article

Visa’s $5.3 billion acquisition of Plaid has raised competition concerns at the U.S. Justice Department, which is nearing a decision about whether to sue to block the deal, according to two people familiar with the matter. ... Read full article

The acquisition will consolidate United's position in the St. Joseph market, where both institutions are based. ... Read full article

The sales are part of ConnectOne's strategy to replace traditional retail branches with banking hubs backed by technology. ... Read full article

Wells Fargo is exploring a sale of its corporate-trust unit that could fetch more than $1 billion and is considering whether to find a buyer for its student loan portfolio, according to people familiar with the matter. ... Read full article

The Iowa company said it will pursue a two-step acquisition to address unspecified issues raised by the Federal Reserve as part of its review of the acquisition. ... Read full article

Members of First Choice Community Credit Union will have access to mobile banking and other products once the institution becomes part of Credit Union of Ohio. ... Read full article

Equity Bank agreed to buy most of the assets, and assume all the deposits, of Almena State Bank. ... Read full article

The Memphis company is looking to take out more costs than initially planned due to the economic uncertainty brought on by the coronavirus pandemic. ... Read full article

With the COVID-19 pandemic creating unprecedented challenges for small businesses, American Express has increasingly targeted its investments in that niche. ... Read full article

From finding new efficiencies to redefining the customer experience; fintechs are permanently changing financial services. But what does the actual acquisition process look like? ... Read full article

State College FCU is seeking member approval to fold into Horizon CU, citing ongoing challenges finding members to serve on its board of directors and supervisory committee. ... Read full article

The veteran executive will receive a $13 million lump-sum payment if she stays with the North Carolina company for two years after the deal closes. ... Read full article

The combined institution will serve almost 75,000 members with nearly $660 million in assets. ... Read full article

Gary Cohn, former head of the Trump administration’s National Economic Council and onetime top executive at Goldman Sachs, says technological changes will continue to make it harder for smaller financial institutions to compete and force many to be sold. ... Read full article