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BB&T is buying SunTrust Banks, creating a $442 billion-asset institution. Credit unions are hopeful the mega merger will present an opening to pick up new business.
February 8
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BB&T and SunTrust would be able to go toe to toe with the industry's heavyweights.
February 7
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The industry's largest acquisition in more than a decade will create the sixth-biggest bank in the country, with assets of more than $442 billion.
February 7
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John Asbury says his Virginia bank, soon to be renamed Atlantic Union Bank, could eventually stretch from Charlotte, N.C., to Baltimore and take on the big players that dominate those markets.
February 6
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The company will gain four branches in Athens, Ga., with the $52 million acquisition.
February 6
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Biometric technology adoption is on the rise, meaning credit unions need to think about how to utilize this for both members and employees.
February 4
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The Virginia company, which recently bought Access National, will become Atlantic Union Bank later this year.
February 1
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Lenders are glad the agency worked swiftly through a backlog of paperwork, but they're worried funds will get cut off if the government closes again.
February 1
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The regional bank is roughly a third of the way to the 260 workers needed to staff the 25 branches it plans to open there over two years.
January 31
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Reliance Bancshares was in a position to reject five buyout offers over the course of a year before it got one it liked.
January 30
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The Germantown, Md.-based institution can now serve residents throughout the Washington, D.C., region.
January 29
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The Las Vegas-based institution has returned more than $63 million to members in the last 19 years.
January 29
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Credit unions in the Gopher State have pledged at least $3.5 million to the Credit Union National Association's awareness effort.
January 29
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Both banks' need for scale started the conversation and the lifting of the SIFI threshold helped seal the deal. Here are five takeaways from one of the industry's biggest recent mergers.
January 28
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A new report from Cornerstone Advisors finds credit union executives aren't all that bullish on the year ahead, while banker optimism is back on the rise.
January 28
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The new facility in San Antonio will house several management functions and create almost 600 jobs.
January 28
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After a nearly $100,000 loss in 2018, $30 million-asset Alliance Blackstone Valley Federal Credit Union is set to merge into Rhode Island CU and its network of branches across the state.
January 28
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John Ciulla, one year in as CEO of Webster Financial, discusses how he is preparing for the next downturn, picking his spots in tech spending, and remaining cautious about M&A.
January 27
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Bank First's deal for Partnership is the third Wisconsin bank merger announced this week.
January 23
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Industry groups and lawmakers have joined bankers in insisting the agency develop a plan to resolve the paperwork problem before the partial government shutdown ends.
January 23
