Growth strategies

Shelby Community has just 1,000 members and $5 million in assets and will complete the merger into 1st Liberty by the end of August.

WesBanco, which is based in West Virginia, will have more than $15 billion in assets when it completes the acquisition.

The Mississippi company has agreed to buy First Florida Bancorp in Destin, Fla., as part of its plan to build a community bank stretching across the Gulf region.

There have now been a record 10 credit union-bank merger deals in 2019.

With the industry continuing to consolidate, credit unions must address mergers in their strategic planning sessions so they are ready to be on either side of the deal when the opportunity arises.

The New York-based institution will double the number of counties it can serve as part of the effort to grow.

The Lutherville, Md.-based credit union returned $1.25 million to members in the first half of the year, on the heels of a $2M payout last year.

The institution was formerly known as SF Police CU but can now serve law enforcement officers statewide.

The Connecticut company, which will top that asset milestone when it buys United Financial, says it could acquire more banks in coming months.

The Georgia regional plans to open more branches in the state as it looks to loan growth and fees as a way to offset intense competition for deposits.