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Sargent Reflects on Mega-Merger and Looks Ahead to Retirement

The retiring president/CEO of the soon-to-be-merged First Tech Credit Union in Oregon demurred whether peer CUs across the nation might also be looking at mega matchups.

By Jim Rubenstein | Updated on March 10, 2010

The retiring president/CEO of the soon-to-be-merged First Tech Credit Union in Oregon demurred whether peer CUs across the nation might also be looking at mega matchups and said those are decisions that are only appropriate where the parties perceive real member value.

“I wouldn’t think of speaking for others but I know based on our asset size and common cultures, we are convinced it will work for us,” said Sargent, who is leaving the helm of the $2.2 billion Beaverton, Ore. CU after 25 years once a July merger with California-based Addison Avenue FCU is completed. The $5 billion merger is the largest of its kind in years.

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