Growth strategies

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.

The Pennsylvania company will pay $346 million for MutualFirst Financial.

The company will buy two suburban locations from North Shore Bank.

Tremont CU can now serve the member companies of the Massachusetts Biotechnology Council.

Hometown Financial, which completed three acquisitions this year, is considering branch openings for a push into the city.

The Raleigh-based credit union hit its latest milestone just three years after reaching 200,000 members.

The Minnesota Credit Union Network worked with two brewers to create and sell a strawberry milkshake cream ale in an effort to boost the industry's profile and raise money for financial literacy.

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.

The credit card lender responded to the closing of Toys R Us stores last year by issuing Synchrony-branded cards to the retailer's customers. Now it's testing a general-purpose card with a wider array of clients.