Community banking
Community banking
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REV Federal Credit Union in suburban Charleston, South Carolina, plans to acquire First Neighborhood Bank in West Virginia. It marks the 15th deal this year involving a credit union buying a bank, closing in on 2022's record of 16 deals.
September 4 -
The combined bank would have $150 million in assets, and would offer better service and more convenience, according to Pulaski Savings Bank and Mutual Federal Bank.
September 3 -
Lenders across the country selected new executives late in the summer, as did Virginia's community bank advocacy group.
September 3 -
Northwest Federal Credit Union in Herndon, Virginia, will follow FedEx as stadium-name partner for the Washington Commanders, gaining branding rights for which the logistics giant was paying nearly $8 million annually.
September 3 -
It's unclear what will happen when the Fed starts cutting interest rates, but community banks will be there to support their customers no matter what the economy looks like.
August 30 -
CEO Dominik Mjartan is stepping down after Optus Bank increased its assets more than 1,000% over seven years.
August 30 -
Bridgewater Bancshares agreed to acquire First Minnetonka Bancorp. in an all-cash transaction slated to close in the fourth quarter. It would create a nearly $5 billion-asset bank.
August 29 -
Challenger bank OakNorth plans to kick its marketing into higher gear. Its desired endgame in the U.S. is a banking charter and it's open to an acquisition to help get it there.
August 28 -
The $23 million cash transaction boosts Old Second's presence in its home Windy City market, while marking Muncie, Indiana-based First Merchants' exit from Illinois.
August 27 -
The combination, expected to close next year, would create a regional bank with $17 billion of deposits across 10 states.
August 27