Integrations

The deal comes months after First Merchants bought a minority stake in Independent Alliance.

Texas Trust and Qualtrust CUs have announced their intention to merge under the Texas Trust banner.

Progress will pay $42 million to expand in Birmingham, Ala., adding branches in a market where it hired a lending team last year.

Heartland will gain 12 branches around Denver and Boulder after it buys the $1.4 billion-asset Citywide.

Summit CU in North Carolina has completed its acquisition of Corning Cable Systems CU and is building a new branch to accommodate increased business as a result of the merger.

Clayton Bank and American City Bank are owned by Clayton HC and have a combined $1.2 billion in assets.

The $227 million Valor Federal Credit Union lost more than $2.2 million in 2016 prior to its acquisition by the $21 billion Pentagon Federal Credit Union.

The moves show a commitment to bigger markets and make it easier for analysts and investors to visit management.

First Interstate missed out on two chances to snag Cascade before agreeing to buy the company in November, showing the importance of staying in touch with a target.

Over the last five years, the credit union also saw a 66% rise in membership, 204% increase in auto loans and a 26% uptick in real estate loans.