Growth strategies

While most banks are shrinking their branch networks, the Cincinnati bank is approaching the day where its branch expansion in the Southeast will more than offset closings in its legacy markets, its CEO says.

The Delray Beach-based institution will change its name later this year to better reflect the communities it serves and its growth beyond serving just IBM staff.

For the second time in six months, Birmingham Bloomfield CU is absorbing another nearby credit union that will operate as "a part of" BBCU.

The proposed merger will create a $10 billion-asset bank based in Nashville, Tenn.

The company will pay $29 million for Virginia Bank Bankshares.

If credit union lenders and underwriters aren't working collaboratively, they could be hindering growth opportunities.

The Southeast banks expect to complete their merger by midyear, hit their savings targets and still be able to invest in growth, according to Bryan Jordan.

Following a 44% jump in the number of CU-bank acquisitions in 2019, some observers believe the volume could plateau this year.

The company will pay $24 million in cash for Central Federal Bancshares.

The Colorado Banking Board may be the first regulator to ever block a credit union-bank merger.

Colorado's State Banking Board voted 6-1 to stop Elevations Credit Union from buying Cache Bank & Trust. This is believed to be the first time regulators have blocked such a deal.

The Massachusetts savings bank will gain branches in two communities as part of the acquisition.

The credit union has returned payouts of $5 million or more for each of the last eight years and has issued a dividend of some sort every year since the mid-1990s.

The country's biggest bank is leaning more on fee income to offset rate pressures, expanding in selected U.S. cities and laying the groundwork for operations in China that CEO Jamie Dimon hopes will endure “for 100 years.”

The Colorado Bankers Association says Elevations Credit Union's purchase of Cache Bank & Trust doesn't comply with state statutes.

Want to level the playing field with big banks and fintechs in the year ahead? Here's where to start.

The latest dividend brings the credit union's member returns to more than $32 million in 23 years.

A MagnifyMoney report shows an overwhelming majority of consumers regret not investing sooner, a sign that credit unions could deepen relationships by upping their wealth management options for members.

The bank will top $500 million in assets after it acquires F&M Bancshares.

The institution formerly known as School Employees Loraine County Credit Union launched its new name on Jan. 2.