A tepid economy and regulatory uncertainty together make for strange bedfellows, as epitomized by recent deals to sell two banks to, of all things, credit unions.

The deals, in New England and the Midwest, are probably not a fluke, though whether they will become a trend is unclear. Participants in those deals do expect more such sales to take place, as mutual savings banks grapple with stagnant growth amid fears that the Office of the Comptroller of the Currency could emerge as a more demanding overseer than the now-defunct Office of Thrift Supervision.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.