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The Delaware company would remove a rival, gain scale in affluent Philadelphia suburbs and accelerate its transformation from a branch-heavy lender to a digital-first bank with the $976 million acquisition.
March 10
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The Delaware company's pending purchase will create a bank with $43 billion of assets under management.
March 10 -
The deal to take over the firm's prearranged funeral insurance and final expense business in the U.S. and Canada is worth approximately $1.3 billion, and marks the latest in a string of acquisitions for CUNA Mutual.
March 9
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The company has formed a special committee to find a successor for James Ford, who will retire as president and CEO next year.
March 9 -
Chris Hendry has served on the credit union's board but has spent his career in health care and philanthropy. He said many of his skills are easily transferable, including a focus on marketing and community engagement.
March 9
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The unnamed investors will pay about $50 million for Northern California National Bank through a tender offer.
March 8 -
The deal, subject to approval from regulators and members, will add to Valley Strong's existing branch network and comes after several years of losses at Solano First.
March 4
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The company would gain its first branches around Annapolis after it buys Severn Bancorp in a deal valued at $146 million.
March 3 -
DMG Bancshares, formed by banking veteran Don Griffith, wants to buy more West Coast banks. For California First, the sale ends a four-year period in which it substantially shrank its loan book after it was ordered to shed leveraged loans.
March 3 -
The bank's purchase of Sodak Home Loans in Sioux Falls, S.D., adds to a string of bank deals for mortgage lenders this year.
March 1
