Growth strategies

After two consecutive quarters of losses, People's Choice FCU will merge into CityMark FCU when its longtime CEO retires this fall.

The company has agreed to buy Albany Bancshares, which has four branches near the Iowa border.

The Louisiana company will enter two new markets after it buys the locations.

Community First will pay $40 million in cash for the parent of Affinity Bank.

ZSuite Technologies digitizes a number of services that banks provide to landlords.

The company will pay $113 million for a commercial lender based in its backyard.

Credit unions have until midnight tonight to submit nominations for this free recognition program.

Christopher Maher is kicking the tires on an "acquisition of size" that would propel the New Jersey bank across the $10 billion-asset mark.

LA Financial's planned merger into Ventura County Credit Union is expected to be completed in early 2020.

The Iowa company will pay QCR Holdings about $59 million for Rockland Bank and Trust.

Acquiring the Nebraska bank would give CIT Group access to billions of low-cost deposits to fuel a go-it-alone growth plan. CEO Ellen Alemany says it could also make her company "more valuable" to potential buyers if it ever wants to sell.

The Michigan company will pay $68 million to expand in a high-priority market.

CIT Group will gain nearly $7 billion in low-cost deposits, mostly tied to homeowners associations, as part of the acquisition.

The companies said the merger will provide scale and help them update technology more efficiently.

Margin expansion may grind to a halt if the Fed holds rates steady or cuts them further. The problem is regionals tend to lack the side businesses that the big banks possess to offset lending slumps. Check out our annual ranking of banks with $10 billion to $50 billion of assets.

The bank will buy First State Bank of Mobeetie.

The company will pay $13 million for the parent of Western Bank of Wolf Point.

Consolidation heated up in recent weeks after a tepid start this year. Here is an overview of noteworthy deals announced in June and July.

Credit unions not actively thinking about mergers are at risk of missing out, an industry expert warned at a recent conference.

The company will pay $43 million in cash for a bank with seven branches and $209 million in deposits.