Branch network

A number of healthy credit unions have undertaken “mergers of equals” to bolster long-term prospects. But those institutions are opening themselves up to unique risks and challenges as a result.

Associated Banc-Corp in Green Bay, Wis., said Wednesday that it will close 17 branches as part of a previously announced deal to buy 32 branches from Huntington Bancshares.

JPMorgan Chase’s planned expansion into more than a dozen new markets threatens community banks and larger institutions alike.

The Jacksonville, Fla.-based credit union purchased the facility from Atlantic Coast Bank for $2.2 million.

Credit unions are having a positive impact by doing everything from shredding thousands of pounds of paper to building their 492nd home for a family.

As head of Santander Bank’s retail network, Colleen Canny will be in charge of more than 600 branches and over 4,100 employees across eight states.

The Wilmington, Del., company has identified the 30 branches it plans to close or sell following its acquisition of Beneficial Bancorp in Philadelphia. Most of the closures will take place in Pennsylvania.

Balances from the 52 branches Flagstar bought from Wells Fargo fell by 22% between the deal's announcement and closing, forcing the Michigan company to adjust the math for earning back tangible book value.

Associated will gain low-cost deposits and branches in 13 new markets after the deal closes.

Citizens Community Bancorp is selling its Rochester Hills, Mich., office to Lake Michigan Credit Union.