ALEXANDRIA, Va. - (12/21/05) -- Credit unions continued theirtraditional end-of-the-year move to complete mergers last month,with 30 more combinations approved in November, following 35 inOctober, the highest monthly figure in 2005, NCUA said Tuesday.Through the first 11 months of 2005 there were 290 credit unionmergers, on pace to top last year's 300 mergers. The biggestmergers approved last month were: Addison Avenue FCU, Palo Alto,Calif. ($1.8 billion) with CH2M Hill FCU, Corvallis, Ore. ($25million); THINK FCU, Rochester, Minn. ($1.8 billion) with MinnesotaMutual Companies CU, St. Paul ($20 million); Indiana Members CU,Indianapolis ($900 million) with Capital Plus CU, Indianapolis ($26million); and Capital Community CU, Grand Rapids, Mich. ($225million) with Citizens Choice FCU, Greenville, Mich. ($25million).
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The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
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The Wyoming-based digital asset bank filed paperwork to challenge last month's district court ruling, which affirmed the Federal Reserve's view about its discretion over master account applications.
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The former head of the Consumer Financial Protection Bureau resigned Friday after the troubled rollout of the Free Application for Federal Student Aid led some House Republicans to call for his resignation.
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The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.
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Mississippi's Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.
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The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
April 26