State of the (Credit) Union, Part #5 - Who Saw That Coming? Credit Unions are Buying Community Banks
Mergers and acquisitions has taken an unexpected twist as credit unions have become active bidders in the purchase of community banks. Back in 2013, there were no recorded acquisitions of community banks by credit unions, but by 2018, no less than seven such mergers were reported. Is this a trend that will continue? How do these mergers affect the accountholders and the community? What should credit unions know about acquiring a community bank? Listen in as Miriam Mitchell, Senior Vice President of Lending for Addition Financial, Ernie Panasci, Partner at Stinson LLP, and Finastra's John Weinkowitz take your through the M&A journey.