Credit Union News - Banking Dive
WEBAug 19, 2024 · Empeople Credit Union to acquire Wisconsin bank. Buying TSB Bank would deepen Empeople’s Wisconsin footprint with three added branches and $182 million in assets. The deal is set to close in the fourth quarter for an undisclosed sum. By Ken McCarthy • Feb. 8, 2024.
Thrivent receives ILC charter - Banking Dive
WEBJun 24, 2024 · Thrivent Financial for Lutherans received an industrial loan company charter from the Federal Deposit Insurance Corp. on Friday, finalizing its yearslong quest for deposit insurance to create Thrivent Bank. Along with its ILC approval, the first doled out by the FDIC since its 2020 approval of ILC applicants Block (née Square) and Nelnet, TFL ...
Credit union to buy New Mexico bank - Banking Dive
WEBAug 19, 2024 · Albuquerque-based U.S. Eagle’s proposed acquisition of Southwest Capital Bank marks the 14th whole-bank purchase of 2024 by a credit union and the second in the past week. Published Aug. 19, 2024. Gabrielle Saulsbery Reporter. Downtown Albuquerque, New Mexico.
Gesa Credit Union to buy Washington bank - Banking Dive
WEBMay 24, 2024 · The Gesa deal marks the 10th proposed purchase of a whole bank by a credit union this year. Eleven credit union-bank tie ups were reached in all of 2023, by comparison. And 2024 appears on pace to shatter the record 16 such deals announced in 2022. On top of that, the sector has seen three partial-bank acquisitions by credit unions …
Credit unions have been buying up banks. Here’s a running list …
WEBJun 24, 2024 · However, a number of target banks in 2024 exceed that in asset size. Security State Bank, which Richland, Washington-based Gesa Credit Union proposed to acquire in May, counts $606 million in assets. First Financial Northwest Bank, which Anchorage, Alaska-based Global Federal Credit Union is buying, counts $1.5 billion.
Alaska credit union to buy Washington bank in $231.2M deal
WEBJan 12, 2024 · Dive Brief: Anchorage, Alaska-based Global Federal Credit Union announced Thursday that it has agreed to acquire $1.5 billion-asset First Financial Northwest Bank in a $231.2 million, all-cash transaction. Following the deal, which is expected to close in the fourth quarter of 2024, Financial Northwest, the bank’s holding …
Alabama credit union to buy 5 branches of community bank
WEBJan 4, 2024 · The credit union agreed to buy Dothan, Alabama-based SunSouth Bank in June. Like the 22nd State deal, the June acquisition also aimed to expand All In’s footprint across southern Alabama. Though bank-credit union mergers and acquisitions have generally been on the rise in recent years, 2023 saw a decrease in such deals — to 11, …
Arizona credit union buys bank in 11th such deal of 2023
WEBPublished Nov. 8, 2023. Dan Ennis Senior Editor. Zhanna Hapanovich. Yuma, Arizona-based AEA Federal Credit Union will purchase substantially all of Goodyear, Arizona-based West Valley National Bank’s assets and assume substantially all of its liabilities in an all-cash deal announced Tuesday that represents the 11th time this year a credit ...
NY credit union eyes 1st whole-bank purchase of 2024
WEBJan 11, 2024 · This is the first full bank and credit union merger announced this year. Earlier this month, Daleville, Alabama-based All In Credit Union announced the acquisition of five branches of 22nd State Bank in the state. Though bank-credit union deals have generally been on the rise in recent years, 2023 saw a reduction in their numbers.
Sound Credit Union to buy Washington Business Bank
WEBMar 11, 2024 · Tacoma, Washington-based Sound Credit Union will acquire Olympia-based Washington Business Bank, the institutions announced Monday in a press release. The deal, expected to be completed in the fourth quarter, will create an institution with roughly $3 billion in assets, $2.3 billion in loans and $2.5 billion in deposits, and give Sound a …