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By Michelle A. Samaad |
April 16, 2012
Essex National Securities Inc., a broker-dealer once owned by a subsidiary of Addison Avenue FCU, has been acquired by private New York investment firm.
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By Jim Rubenstein |
January 9, 2012
In an unforeseen management shift, Benson Porter, president/CEO of the $5 billion First Tech Federal Credit Union of Palo Alto, Calif., will be taking over the $9.7 billion BECU of Tukwila, Wash., next April, succeeding retiring CEO Gary Oakland.
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By Jim Rubenstein |
December 21, 2011
Benson Porter said the chance to return to his native Seattle was a major factor in his decision to leave First Tech.
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By Jim Rubenstein |
June 13, 2011
The $4.9 billion First Tech FCU, the product of a California-Oregon mega-merger this year, experienced a few negative hits during its Memorial Day computer conversion.
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By Jim Rubenstein |
June 8, 2011
West Monroe Partners, Open Solutions say First Tech merger a success from their vantage points.
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By Jim Rubenstein |
June 7, 2011
Members complain on Facebook, to local media, about inability to access accounts after integration of systems.
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By Jim Rubenstein |
December 9, 2010
The head of the new $4.7 billion First Tech Federal Credit Union, Benson Porter, cautioned Thursday against credit unions elsewhere using the California/Oregon mega-merger as an exact template or business model.
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By Jim Rubenstein |
December 3, 2010
The nation's largest merger a $4.7 billion combination of Addison Avenue Federal Credit Union of Palo Alto Calif. and First Tech CU of Beaverton, Ore. has won final approval of First Tech members, it was announced Friday.
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By Jim Rubenstein |
October 20, 2010
Ending a processing period that lasted eight months, the NCUA has approved the nation's biggest interstate merger, the $4.6 billion consolidation of First Tech Credit Union, Beaverton, Ore., and Addison Avenue FCU of Palo Alto, Calif.
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By Jim Rubenstein |
October 18, 2010
The $4.6 billion merger deal of First Tech Credit Union of Beaverton, Ore., and Addison Avenue FCU of Palo Alto, Calif., has now won approval of the Oregon regulator with a First Tech member vote set for November.
