Americas

A company that operates mostly in rural markets is finally making a push into the thriving mid-Atlantic markets of Washington and Baltimore with its deal for Old Line Bancshares.

Total loan volumes at institutions in both states increased by more than 1%, far above the national rate.

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 Maryland bank has to show that it can once again overcome accusations of possible misdeeds — this time tied to a political corruption probe. And there may be other problems.

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.

Calling it the largest B2B trading platform in the world, Alibaba Group has opened Alibaba.com to small and medium-size U.S. businesses to reach an addressable market of $23.9 trillion.

The lawsuit claims that the Jacksonville, Fla.-based credit union charged members multiple non-sufficient-funds fees on the same item.

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.