Growth strategies

First Bancorp has emerged as one of the few consolidators in North Carolina at a time when many other banks in the state have opted to sell.

The $34 million acquisition is expected to strengthen Central Valley's banking operations in northern California.

The credit union is the tenth largest in Pennsylvania, serving more than 80,000 members.

One millennial's take on how credit unions can woo the next generation of members.

All 93,000 members of the Delaware Electric Co-Op are now eligible to join Del-One FCU.

The acquisition will provide South State with more than $3 billion in assets and a larger operation in North Carolina.

The credit union said the $600 million-asset milestone represents growth of more than 3 percent since the end of 2016.

Sierra will pay $36 million for the parent of the $257 million-asset Ojai Community Bank in a deal that should close by the end of this year.

The deal is the latest coastal acquisition for United Community. For HCSB, the sale is the final chapter in a turnaround that began 13 months earlier.

The Office of the Comptroller of the Currency has given preliminary conditional approval for Winter Park National Bank, allowing organizers to work on office space, hire staff and raise capital.

Indianapolis-based CU has operated an insurance CUSO since 2004.

The company has hired an investment bank to help it consider strategic alternatives, which could also include recapitalizing.

CUs will have improved opportunities to add areas, sources say, but new rules ‘not a panacea.’

The deal, which is expected to close in the fourth quarter, values Cornerstone at $25.8 million.

Bank of Montreal, Canada's oldest lender, has turned to a former investment banker with an interest in continued U.S. expansion to lead the firm into its third century.

SEG-based CUs could see a particularly big benefit from the rules, observers say, but community-chartered institutions and others could also see a significant boost.

The deal, which is expected to close in the fourth quarter, should significantly increase PacWest's operations in Southern California.

The Houston company was formed in 2009 to buy struggling banks in the wake of the financial crisis.

Live Oak Bancshares in North Carolina has hired Scott Custer to run its bank. Custer recently resigned as a consultant to F.N.B. Corp. in a move that took place days after F.N.B. bought Yadkin Financial, where he had been president and CEO.

Coast Capital Savings, Canada's biggest credit union by membership, plans to expand beyond British Columbia to challenge the dominance of the nation's banks.