Credit Union News | Banking Dive
WEBAug 19, 2024 · Empeople Credit Union to acquire Wisconsin bank. Buying TSB Bank would deepen Empeople’s Wisconsin footprint with three added branches and $182 million in assets. The deal is set to close in the fourth quarter for an undisclosed sum. By Ken McCarthy • Feb. 8, 2024.
Thrivent receives ILC charter - Banking Dive
WEBJun 24, 2024 · Thrivent receives ILC charter Following its approval for deposit insurance, the financial services company plans to convert Thrivent Federal Credit Union into online-only Thrivent Bank.
Credit unions have been buying up banks. Here’s a running list …
WEBJun 24, 2024 · Bank acquisitions by credit unions have been hotter than ever in 2024, knocking on 2022’s record 16 transactions just halfway through the year. And the banks being bought are bigger. The largest bank involved in a credit union deal last year was New Mexico’s $338 million-asset Western Heritage Bank.
Alabama credit union to buy 5 branches of community bank
WEBJan 4, 2024 · Alabama credit union to buy 5 branches of community bank After the transaction, 22nd State Bank will relocate its charter to Mobile, and operate as an independent community bank with two locations in the area.
REV Credit Union to buy West Virginia bank - Banking Dive
WEBSep 5, 2024 · The South Carolina-based credit union’s proposed acquisition of First Neighborhood Bank is the 15th announced whole-bank purchase by a credit union this year — one off 2022’s record of 16.
Alaska credit union to buy Washington bank in $231.2M deal
WEBJan 12, 2024 · With $1.5 billion in assets, Renton-based First Financial Northwest stands to be the largest bank purchased by a credit union after Global Federal completes the deal, expected in the fourth quarter.
Credit union to buy New Mexico bank - Banking Dive
WEBAug 19, 2024 · Credit union to buy New Mexico bank Albuquerque-based U.S. Eagle’s proposed acquisition of Southwest Capital Bank marks the 14th whole-bank purchase of 2024 by a credit union and the second in the past week.
Texas credit union discovers year-old data breach - Banking Dive
WEBAug 29, 2024 · Texas Dow Employees Credit Union was one of several dozen financial institutions affected by last year’s MoveIt cybersecurity breach, the credit union announced Monday. The Lake Jackson, Texas-based credit union’s public acknowledgement adds it to a long list more than a year after the breach ...
Gesa Credit Union to buy Washington bank - Banking Dive
WEBMay 24, 2024 · Dive Brief: Richland, Washington-based Gesa Credit Union plans to acquire Centralia, Washington-based Security State Bank, the institutions announced Thursday in a press release. The deal, expected to be completed next year, marks the fourth time in 2024 that a credit union has said it would buy a bank headquartered in the Evergreen State. …
Washington state credit union to buy Oregon bank - Banking Dive
WEBAug 14, 2024 · Washington state credit union to buy Oregon bank Of the 16 credit union-bank deals announced this year, five have involved financial institutions based in the Evergreen State.