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 …
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.
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 ...
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.
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 ...
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, …
Hudson Valley Credit Union to buy 8 Berkshire Bank branches
WEBMar 5, 2024 · The eight branches in Albany, Saratoga, Schenectady, and Columbia counties that $7 billion-asset Hudson Valley will buy would expand the credit union’s reach to 30 branches throughout the Hudson Valley and Capital Region. That would not include the branches it stands to gain in the Catskill Hudson …
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.
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.