Integrations

The CEO of Keefe, Bruyette & Woods, a top matchmaker for bank mergers, explains why large banks will soon return to dealmaking after a long absence, the case for starting new banks and the enduring value of branches.

The tiny Delaware credit union has just over 500 members and will merge into Del-One following losses of more than $45,000 last year.

Tiny Kalamazoo Building Trades CU will merge into KALSEE Credit Union following its CEO's retirement and losses of more than $50,000 for each of the last two years.

Following losses in 2014, the $22 million-asset PCCU has turned a profit for the last two years and was in the black for Q1 2017 and will pay a $400,000 special dividend back to its members as part of the deal.

The combined institution will have more than $600 million in assets and serve more than 62,000 members.

Musicians’ Interguild CU will merge with SAG-AFTRA FCU

The merger is expected to be completed by the end of November.

Community One CU and Canton Police & Firemen's -- both located in Canton, Ohio -- will merge at the end of June.

For the second time this year, Appleton, Wis.-based Fox Communities CU will absorb a Green Bay-based credit union.

The Florida-based bank has multiple facilities in Florida, along with lending offices in Massachusetts and Michigan

The combined CU will operate under the banner of The Partnership FCU.

West Denver Community CU will be absorbed by Denver Community Credit Union, following losses totaling approximately $20,000 in 2015 and 2016.

The merger is expected to be completed by year-end, and the combined institution will have assets of more than $1.2 billion, serving more than 105,000 members.

Post-merger, the Long Island-based Bethpage will have assets of about $7.4 billion.

Even as units of a larger holding company, local banks fight the perception that they can’t provide sophisticated services like corporate or private banking. Executives say that unifying the brand will help Synovus better compete against larger players.

Tiny HECU had just 55 members, $170,000 in assets.

Citizens will pay about $40 million in cash and stock for the $269 million-asset Wells in a deal set to close in the third quarter.

Gulf Winds FCU immediatley assumed the failed credit union's members and deposits.

Financial FCU and Tropical Financial CU announce their intention to merge pending approvals.

The two institutions will operate under the Community Choice CU banner.