Growth strategies

An “emergency merger” with troubled Progressive Credit Union gives PenFed – already the nation’s third-largest credit union – the ability to welcome any potential member nationwide.

The credit union rewarded members based on the CU's performance last year and the depth of their relationship with the institution.

Pennsylvania State Employees Credit Union returned $22 million to its members.

Bob Mahoney, CEO of Belmont Savings, called Jack Barnes after People's United agreed to buy a Connecticut bank. The banks announced their own merger agreement five months later.

The Sidney, Mont.-based institution distributed the payments earlier this week.

A smooth integration of Access National could allow John Asbury, CEO of Union Bankshares, to move a step closer to building a regional franchise that stretches from Baltimore to Hampton Roads.

This is the second consecutive year that the South Dakota institution has paid out the patronage bonus.

New CEO John Turner hasn't fully laid out his vision for the future, but it clearly will involve hiring specialized lenders, balancing labor-saving AI with old-fashioned relationship building, and more streamlining.

Many credit unions wrapped up 2018 by going the extra mile for community members in need.

Bank OZK's George Gleason, one of our community bankers to watch in 2019, needs to rein in the Arkansas bank's commercial real estate exposure to placate nervous investors.