For months it has been the sand states getting all the merger attention. But last week’s consolidation move by the $2.6 billion Visions FCU, Endicott, N.Y., to take over the long-ailing $330 million Paragon FCU in New Jersey shifted the merger focus to the Mid-Atlantic.
The credit union serving the now-closed hospital with the trauma center nearest to Ground Zero is shutting down.
McGraw-Hill FCU CEO says his CU also can use the management, talent and influence of its merger partner.
The credit union that served the primary admitting hospital after the 9/11 attacks is being merged, a year after the hospital itself closed.