Growth strategies

Credit unions and banks in the Great Lakes State could soon offer driver's license renewal and related services.

The Brunswick, Maine-based institution can now serve the residents of Androscoggin County in addition to three other counties.

The deal will create a Southeastern regional with $75 billion in assets across 11 states.

The Phoenix company did not say why James Haught, who was also chief operating officer, left.

The Boston bank’s online money market account won’t start until later next year, and many rivals have already beaten it to the punch. But the window for new entrants is still open provided they do certain things right, experts say.

Three low-income credit unions who are minority depository institutions will be mentored by three larger institutions through the program.

The St. Louis-based institution's new name aims to better reflect the different employer groups it serves.

The Tennessee company, which was outbid in an effort to buy a North Carolina bank earlier this year, will pay $41 million for a branch network in the middle part of its home state.

The program will be called Bucks for Buckeyes and will be offered in partnership with the Minnesota Credit Union Network.

Credit unions in the Garden State are frequently at the bottom of national rankings for key financial metrics. Further consolidation is likely needed to help bolster these results.