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By David Morrison |
June 11, 2012
The 20,000 member, $353 million GFA Federal Credit Union, headquartered in Worcester Mass., moved a bit closer to finalizing a purchase of a stock-owned thrift when a majority of the bank’s shareholders voted to approve the deal.
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By Jim Rubenstein |
June 1, 2012
Cash requirements could be issue, bank attorney says, adding that he has seen interest in similar possible deals.
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By David Morrison |
June 1, 2012
Massachusetts credit union's purchase of stock-owned thrift necessitated creation of new application itself from the NCUA, attorney says.
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By David Morrison |
June 1, 2012
New Hampshire bank becomes second savings bank to be purchased by a credit union.
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By Jim Rubenstein |
April 19, 2012
Lawyers handling the planned takeover of an ailing New Hampshire bank by a Massachusetts credit union expressed optimism Thursday the deal can clear regulatory hurdles.
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By Jim Rubenstein |
April 1, 2012
The proposed buyout by GFA Federal Credit Union of a troubled New Hampshire savings bank continues to generate industry interest but with a pivotal question: Can the credit union and bank clear the legal hurdles with the NCUA, the Comptroller of the Currency and the FDIC.
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By Jim Rubenstein |
March 9, 2012
GFA FCU CEO said her credit union is showing by example that credit unions can work with community banks as it moves toward purchase of a New Hampshire mutual.
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By Jim Rubenstein |
March 2, 2012
Massachusetts CU CEO eyes long regulatory process in proposed takeover of New Hampshire bank.
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By Jim Rubenstein |
March 1, 2012
GFA FCU will seek regulator approval to buy bank in Granite State, just weeks after Michigan credit union completes purchase of Indiana bank.
