Baltimore credit union takes over local thrift, to keep two branches open and 19 employees.
Maryland's financial regulator and the FDIC have approved the purchase of Advance Mutual Savings Bank in Baltimore by Municipal Employees Credit Union of Baltimore.
Westby Co-Op Credit Union awaits regulatory approval to take over loans, deposits from community bank's Wal-Mart branch in WIsconsin Dells.
The $255 million Five Star CU in Dothan, Ala., says it plans to buy the small Flint River National Bank in Camilla, Ga.
If the world is cold, make it your business to build fires, said Horace Traubel. Translation: If your industry is consolidating, make it your business to consolidate. At the moment you may think you have approximately 6,500 possible consolidation partners. However, now is the time to consider a cross-industry transaction...
Michael Bell helped with MECU Baltimore buy, sees more of the same happening down the road.
Purchase would mark fourth credit union takeover of bank in past year and a half.
During a closed meeting, the NCUA Board unanimously approved Landmark Credit Union’s acquisition of Hartford Savings Bank, subject to approval from the FDIC, according to a Board Action Bulletin posted last week on the NCUA’s website.
Landmark has completed 10 credit union mergers in the past three years. This is its first acquisition of a bank.
Massachusetts credit union's assumption first of its kind in the United States, credit union's president says.