The industry wrangling over how to deal with the fallout from corporate restructuring and options on provider servicing continued last week, with at least one fresh discussion of merger negotiations.
In the case of the conserved Southwest Corporate FCU, there was mention by the $2.3 billion Georgia Central CU of Duluth of consolidation talks.
The citation arose in Georgia Central's internal newsletter for October, in which President/CEO Greg Moore hinted at behind-the-scenes discussions with an unnamed corporate that was seized by the NCUA on Sept. 24. The mention appeared in Moore's "Corporate Ink" bulletin under "President's Perspective."
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