Growth strategies

The New York company will enter Suffolk County after it buys Empire Bancorp.

The National Credit Union Administration has unveiled a proposal to address a federal judge's concerns that its 2016 field-of-membership overhaul could discourage lending in low-income areas.

The 2018 Statistical Report from the World Council of Credit Unions shows the industry continuing to grow, though 80% of global assets are held in North America.

Arkansas Democrat-Gazette FCU, originally chartered to serve newspaper employees, has received regulatory approval to merge into a larger institution.

Midsize players like BankUnited, BOK and Fulton Financial plan to rely on selective M&A, catering to niches overlooked by big banks, aggressive recruitment of commercial lenders and other strategies to stimulate revenue growth.

The Tennessee company has agreed to buy First Advantage, which specializes in financing manufactured housing purchases.

Centreville Bank will pay $116 million in cash for PB Bancorp.

The company agreed to buy Steuben Trust for $107 million.

The $32 million merger will create a bank with nearly $1 billion in assets.

A majority of banks globally may not be economically viable because their returns on equity aren’t keeping pace with costs, the consultancy said in its annual review of the industry released this week.