SACRAMENTO, Calif. – The Golden 1 CU said last week it has completed the merger of Steinbeck CU, one of two ailing credit unions being acquired by the $7 billion credit union.
Steinbeck, based in Salinas, Calif., reported a $514,000 operating loss for the first quarter and a loss of $801,000 for 2008.
The deal comes as The Golden 1 is completing a merger with U.S. First FCU, a $110 million San Francisco credit union
President Donald Trump's proposed budget would nix funding for Community Development Financial Institutions in minority heavy areas while expanding it for rural areas.
The two companies are collaborating to bring enterprise AI to Box users.
The administration is pitching a $26.7 billion reduction to the regulator's funding for rental assistance, public housing and elderly and disability housing.
Acquiring Country Club Bank would give Omaha-based FNBO 30 branches and nearly $3 billion of deposits in one of the Midwest's biggest markets.
Vectra Bank Colorado President Bruce Alexander is retiring after 25 years with the bank; Unilever Federal Credit Union in New Jersey was shut down by NCUA; Vista Bank hired Bob Mahalik in preparation for Texas bank M&A; and more in this week's banking news roundup.
Truist, Texas Capital and Citizens Financial are among the banks that will be forced to address shareholder dissatisfaction over executive pay.
