Thursday's announcement of the Baltimore-based $1.2 billion Municipal Employees Credit Union'sproposed acquisition of the $61 million Advance Bank in Baltimoreis yet another sign that the trend of credit unions buying banks isgaining traction.
Credit union attorney Michael Bell in Royal Oak, Mich., expectsthis trend will continue through this year and next, opening astrong opportunity for credit unions to grow.
“This is going to keep happening and it's going to accelerate,”Bell said this week, as more credit union executives become awarethat they can purchase banks.
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