Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LAS VEGAS — The concerns expressed by the industry’s trades and leagues on the impact of hostile takeovers among credit unions may be for naught, one veteran attorney said.

Bruce Jolly, partner with widely-known law firm Venable LLP and former counsel for CUNA, the Independent Community Bankers Association and the American Bankers Association, spoke yesterday at NACUSO’s annual conference on Nationwide Federal Credit Union’s merger with Nationwide Bank. Venable represented the credit union during the unprecedented merger. Jolly shared the legal and regulatory aspects of the deal. One of his handouts contained the statement “the myth of a hostile tender” under the section that asks “Nationwide FCU’s merger–a One Time Transaction?”

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.