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.
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 …
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, …
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 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.
Texas credit union discovers year-old data breach - Banking Dive
WEBAug 29, 2024 · The Lake Jackson, Texas-based credit union’s public acknowledgement adds it to a long list more than a year after the breach, which has affected more than 95 million individuals and 2,700 organizations, according to anti-virus firm Emsisoft’s most recent tally from public disclosures and securities filings.
Harborstone Credit Union to buy SaviBank - Banking Dive
WEBMar 22, 2024 · Lakewood, Washington-based Harborstone Credit Union will acquire Burlington, Washington-based SaviBank, the institutions announced Friday in a press release. The deal, expected to be completed in the fourth quarter, will create an institution with roughly $2.7 billion in assets, $2 billion in loans, $2.3 billion in shares and deposits …
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.
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 ...
REV Credit Union to buy West Virginia bank | Banking Dive
WEBSep 5, 2024 · Charleston, South Carolina-based REV Federal Credit Union has agreed to acquire Spencer, West Virginia-based First Neighborhood Bank — marking the 15th proposed whole-bank purchase by a credit union this year. Following the transaction announced Tuesday, the $1.1 billion-asset credit union will expand its footprint beyond …