Consolidations

Dickinson Financial in Missouri has no intention of departing from its expansionary mindset as it lays plans for de novo branches and scouts new acquisition opportunities.

Houston-based Prosperity Bancshares said it closed its purchase of Lone Star State Bancshares about a year later than initially planned.

Years of consolidation have damaged competition in the banking sector. Regulators should be more, not less, restrictive about approving mergers.

If Biden appointees are going to apply more antitrust scrutiny to bank mergers, they need to factor into their analysis the competitive threat that banks face from fintechs and other less-regulated players.

If the Justice Department and other agencies are serious about overhauling the bank merger process, they need to start by establishing whether consolidation helps or hurts consumers.

The combined institution will hold assets of more than $335 million and serve over 20,000 members across eight counties in Oregon.

After rising losses in 2020, First Credit Union of Scranton is seeking members' approval to merge into Penn East FCU.

Discussions to combine Penobscot County Federal Credit Union and The County FCU began in June 2019 but the deal was not completed until the end of 2020.

The combined institution will hold roughly $30 million in assets and serve about 4,000 members.

A look back at a year in which little went according to plan for credit unions.