M&A

Maine-Illinois credit union merger could foreshadow a trend

11/06/20

Infinity FCU sought out a merger partner after realizing that even at $338 million in assets it was too small to provide the technologies members wanted. It could be a harbinger of more deals among larger players.

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Visa to face U.S. antitrust suit over Plaid acquisition

11/05/20

The U.S. Justice Department sued to block Visa’s $5.3 billion deal for the data aggregator over concerns that it would harm competition in the global payments market.

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Akron Municipal seeks members' OK for merger, private deposit insurance

11/05/20

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

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SC Federal’s merger wave continues

11/03/20

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

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CAP COM FCU wraps third merger in just over one year

11/02/20

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

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Alliance Data buying installment lender Bread for $450M

10/29/20

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

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Visa $5.3 billion Plaid deal triggers DOJ antitrust concerns

10/27/20

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.

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United Federal Credit Union in Michigan to buy Edgewater Bank

10/27/20

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

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ConnectOne selling two branches to Rhinebeck Bancorp

10/27/20

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

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Wells Fargo exploring $1 billion-plus corporate-trust sale

10/26/20

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.

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