Credit Union News - Banking Dive
WEBAug 29, 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 …
Arizona credit union buys bank in 11th such deal of 2023
WEBNov 8, 2023 · Arizona credit union buys bank in 11th such deal of 2023. AEA Federal Credit Union’s purchase of West Valley National Bank will double its brick-and-mortar presence and expand it into the Phoenix and Las Vegas markets. Published Nov. 8, 2023. Dan Ennis Senior Editor. Zhanna Hapanovich.
Banking News and Analysis | Banking Dive
WEBArizona credit union-bank deal pushes 2024 to new record Phoenix-based OneAZ Credit Union's proposed acquisition of 1st Bank Yuma marks the 17th whole-bank purchase by a credit union this year, surpassing a 2022 record.
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 company, and First ...
Georgia-based Robins proposes year’s 2nd bank purchase by …
WEBMar 1, 2022 · The announcement gave no details as to the deal’s financial terms or timing. The transaction marks the second move by a credit union this year to buy a bank. Both deals have roots in Georgia. Georgia’s Own Credit Union said last week it would send to regulators a proposal to buy Smyrna-based Vinings …
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, from 16 in 2022.
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.
Houston area-based TDECU to buy Louisiana bank | Banking Dive
WEBMay 1, 2024 · Lake Jackson, Texas-based TDECU plans to acquire Many, Louisiana-based Sabine State Bank and Trust, the institutions announced Tuesday in a press release. The deal, expected to be completed early next year, will create a credit union with roughly $6 billion in assets and 471,000 members. The purchase …
Michigan credit union to buy NorthSide Community Bank
WEBJan 29, 2024 · Kalamazoo, Michigan-based Advia Credit Union has agreed to buy $255 million-asset NorthSide Community Bank, the company announced Friday. The acquisition will expand Advia’s footprint to northeastern Illinois by adding branches in Gurnee, Mundelein, Niles and Riverwoods. This is the third bank acquisition announced by a …