Credit Union News | Banking Dive
Nov 11, 2024 · Credit union deal record extends Community First Bank is the 18th proposed whole-bank acquisition by a credit union this year, and the sixth with ties to Washington state. By Gabrielle Saulsbery • Oct. 9, 2024
Massachusetts, Michigan deals push credit union-bank record to 22
Jan 2, 2025 · Massachusetts, Michigan deals push credit union-bank record to 22 Not every deal crosses the finish line, though. Atlanta Postal Credit Union and Affinity Bank terminated their proposed combination Monday.
Alaska credit union to buy Washington bank in $231.2M deal
Jan 12, 2024 · With $1.5 billion in assets, Renton-based First Financial Northwest stands to be the largest bank purchased by a credit union after Global Federal completes the deal, expected in the fourth quarter.
Credit unions have been buying up banks. Here’s a running list …
Jun 24, 2024 · Bank acquisitions by credit unions have been hotter than ever in 2024, knocking on 2022’s record 16 transactions just halfway through the year. And the banks being bought are bigger. The largest bank involved in a credit union deal last year was New Mexico’s $338 million-asset Western Heritage Bank. However, a number of target banks in 2024 exceed that in asset size. Security State Bank ...
Philly-area credit union to pay $6.5M in DOJ redlining settlement
Oct 11, 2024 · Philly-area credit union to pay $6.5M in DOJ redlining settlement Citadel Federal Credit Union failed to provide mortgage lending services to residents of predominantly nonwhite neighborhoods between 2017 and 2021, the agency said.
Credit Union News | Banking Dive
Feb 26, 2024 · The credit union last year approved 48.5% of mortgage applications from Black borrowers, but 77.1% from White ones, CNN found. The gap drew comparisons to similar numbers from Wells Fargo in 2020.
NY credit union-bank tie-up pushes 2024 to brink of M&A record
Sep 24, 2024 · NY credit union-bank tie-up pushes 2024 to brink of M&A record Rochester-based ESL’s proposed acquisition of Generations Bancorp is the 16th announced whole-bank purchase by a credit union this year, tying it with 2022.
Credit union deal record extends | Banking Dive
Oct 9, 2024 · Credit union deal record extends Community First Bank is the 18th proposed whole-bank acquisition by a credit union this year, and the sixth with ties to Washington state.
Banking News and Analysis | Banking Dive
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Gesa Credit Union to buy Washington bank - Banking Dive
May 24, 2024 · Dive Brief: Richland, Washington-based Gesa Credit Union plans to acquire Centralia, Washington-based Security State Bank, the institutions announced Thursday in a press release. The deal, expected to be completed next year, marks the fourth time in 2024 that a credit union has said it would buy a bank headquartered in the Evergreen State. The purchase price was not disclosed, but the deal ...