Alabama credit union to buy SunSouth Bank

After the transaction, All In Credit Union will have $3 billion in assets and 33 locations across the state's southeast and the Florida Panhandle.

By Rajashree Chakravarty • June 2, 2023

Illinois credit union to buy bank in year’s 2nd such tie-up

The deal is expected to close by March 2024 and is the second bank purchase proposed by Land of Lincoln Credit Union since December.

By Rajashree Chakravarty • May 2, 2023

SavvyMoney helps consumers bolster credit scores, banks bolster loan portfolio

The integrated credit solution has 1,055 banking partners, and that number "grows daily," its CEO said.

By Gabrielle Saulsbery • March 29, 2023

Greenlight’s new B2B offering brings kid-focused banking to traditional firms

Over half a dozen firms, including Morgan Stanley, WaFd Bank and Community Financial Credit Union have partnered with the neobank to offer its services to their customers.

By Anna Hrushka • March 29, 2023

Technology gap puts Black banks at risk: report

Black banks, which help expand credit to underserved areas, risk losing customers if they continue to fall behind their nonminority peers in terms of digital banking offerings, a researcher said.

By Anna Hrushka • March 9, 2023

Credit union trade group preemptively blasts Durbin bill

NAFCU said a bill to curb the processing of credit card transactions would reduce credit union members’ revenue from swipe fees and limit loyalty programs, fraud protection and free checking.

By Lynne Marek • Feb. 27, 2023

Credit unions’ 72-hour cyberattack reporting window to take effect Sept. 1

“Credit unions must be included in conversations about critical infrastructure,” NCUA Chair Todd Harper said. The agency aims to lay out additional guidance in the coming months.

By Rajashree Chakravarty • Feb. 17, 2023

Quontic, NYDIG vet aims to bridge ‘translation layer’ between banks, fintechs

Patrick Sells, a former chief innovation officer, wants to speed up the time it takes for banks to find a fintech whose services match their needs.

By Anna Hrushka • Feb. 8, 2023

Biden unfairly lumps overdraft with ‘junk fees,’ trade groups say

“Instead of mischaracterizing an entire industry, policymakers ... should work in tandem with banks” to expand consumers’ access to financial tools that will help them weather economic challenges, CBA CEO Lindsey Johnson said.

By Anna Hrushka • Feb. 8, 2023

Florida woman sues MidFlorida Credit Union over alleged race discrimination

A 70-year-old retired teacher was arrested after an issue stemming from a $600 ATM deposit. However, the lawsuit and police report paint vastly different portraits of the incident.

By Gabrielle Saulsbery • Feb. 7, 2023

Michigan credit union eyes bank in sector’s 1st tie-up of 2023

Old Mission Bank’s two locations will expand 4Front Credit Union’s Upper Peninsula footprint and boost its asset total by roughly $130.2 million.

By Rajashree Chakravarty • Jan. 11, 2023

2022 tied the record for credit union-bank deals, after all

Illinois-based Land of Lincoln Credit Union's proposed acquisition of Colchester State Bank marked the year’s 16th such tie-up, and the fifth in December.

By Rajashree Chakravarty • Jan. 5, 2023

December M&A flurry propels credit union-bank deal tally to near record

Alabama One's acquisition of the First Bank of Wadley marks the fourth proposed bank purchase by a credit union in two weeks and the 15th of 2022.

By Dan Ennis • Dec. 21, 2022

Late surge in credit union-bank tie-ups pushes 2022 past 2021

The year's 14th deal — and third struck in 10 days — has roots in Georgia, home to the first two bank acquisitions by credit unions in 2022.

By Dan Ennis • Dec. 19, 2022

Michigan credit union to acquire Florida bank in year’s 13th such tie-up

The deal marks the third purchase of a Florida bank by a Michigan credit union in the past 18 months. It also means 2022 has seen as much credit union-bank deal activity as last year.

By Rajashree Chakravarty • Dec. 15, 2022

Apex, Unifimoney partner on digital investment solutions for banks

Oklahoma-based First Fidelity Bank is the first customer to go live with the services offered by the partnership.

By Rajashree Chakravarty • Dec. 14, 2022

Iowa credit union buys bank in year’s 12th such tie-up

Financial terms of the Veridian Credit Union’s proposed purchase of American Investors Bank and Mortgage were not disclosed. But the deal would allow the credit union to access Minnesota.

By Rajashree Chakravarty • Dec. 7, 2022

Minnesota credit union to buy Wisconsin bank in 11th such tie-up of 2022

Michael Bell, a leading bank M&A attorney, predicted a record “25-plus” deals between credit unions and banks in 2022 when the year began. Some potential deals, however, appear to be “pausing until 2023.”

By Dan Ennis • Nov. 3, 2022

Digital banks, credit unions should factor into merger reviews: Fed’s Bowman

Potential combinations should hinge on risk analysis, not deposit market share, in an update to 1995 guidelines, the central bank governor said Wednesday.

By Dan Ennis • Sept. 29, 2022

GreenState scraps acquisition of Nebraska bank after judge denies appeal

“We are still coming to Nebraska. This simply pushes our timetable back a year,” the credit union’s CEO said, adding it may expand into Omaha organically.

By Dan Ennis • Aug. 22, 2022

Florida credit union buys bank for 10th such combo this year

The deal between Harvesters Credit Union and First National Bank Northwest Florida is expected to be complete in the first quarter of 2023.

By Dan Ennis • Aug. 15, 2022

Heritage Southeast finds another buyer, a month after the VyStar deal crumbled

Mississippi-based The First Bank agreed Wednesday to pay $207 million in a deal that would give it 23 new locations and access to the Atlanta, Jacksonville and Savannah markets.

By Dan Ennis • July 29, 2022

Tennessee regulator files appeal to block credit union's bank takeover

Financial Federal Bank account holders would be “irreparably harmed and disrupted” — as would the state’s interest in maintaining a safe and sound banking system — if the deal is allowed to close, a state official argued.

By Anna Hrushka • June 28, 2022

VyStar Credit Union, Heritage Southeast call off merger agreement

After a series of delays, Heritage and VyStar said they decided to end the $195.7 million tie-up after it became clear that all required regulatory approvals would not be obtained in a timely manner.

By Anna Hrushka • June 16, 2022

Tennessee judge lifts injunction, lets credit union-bank deal proceed

The state's Department of Financial Institutions has until June 27 to file an appeal concerning Orion Federal Credit Union's proposed acquisition of Financial Federal Bank.

By Dan Ennis • June 3, 2022