Search
 

Continental FCU Board Rejects Wings Financial's Merger Proposal

As expected, Continental Federal Credit Union's board of directors unanimously voted March 20 to reject Wings Financial Federal Credit Union's fourth proposal to merge, still calling the move an "unsolicited takeover" attempt.

By Michelle A. Samaad | Updated on March 27, 2007

EL SEGUNDO, Calif. — As expected, Continental Federal Credit Union’s board of directors unanimously voted March 20 to reject Wings Financial Federal Credit Union’s fourth proposal to merge, still calling the move an “unsolicited takeover” attempt.

According to Allan Cooper, chairman of the Continental FCU board, after “careful consideration” the board felt it was their responsibility “to protect the interests of our entire membership, both short-term and long-term.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.