Mergers continue on in both the Credit Union space and the Bank space, and sometimes between the two spaces. Will we see the pace of consolidation increase under the new administration? How many financial institutions is the right amount of financial institutions for the US? Although, to be fair, not all of the mergers announced in Q3 were strategic, some were forced due to poor performance, etc. One item of note, is that we seem to be seeing more "larger" asset size credit unions choosing to merge. "During the third quarter, 49 credit unions received the approval to merge, up from the 46 consolidations in Q2 and 26 mergers in Q1, according to the NCUA's Q3 Merger Activity and Insurance Report released on Wednesday." "Six credit unions got the OK to consolidate due to poor financial condition; two for poor management; and one for inability to obtain officials. Forty credit unions got the green light to merge for expanded services, the federal agency's report showed." #creditunions #mergers #ncua #consolidation https://lnkd.in/gAF6Fhha
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The American Bankers Association published a piece by Andrea Mitchell and Olivia Kelman addressing fair lending risk in bank mergers and acquisitions! In a landscape where M&A activity is shifting, understanding the fair lending implications of bank combinations is crucial for navigating regulatory scrutiny and ensuring smooth transactions. Dive into the key insights and strategies for mitigating fair lending risks in M&A transactions here: https://lnkd.in/eTgFaktF #Banking #MergersAndAcquisitions #Mergers #Acquisitions #FairLending #Compliance #FinancialServices #RegulatoryRisk
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Bank M&A activity is heating up - get ahead of the fair lending implications and check out our article. Many thanks to the American Bankers Association for spotlighting this important issue in the Risk and Compliance Magazine!
The American Bankers Association published a piece by Andrea Mitchell and Olivia Kelman addressing fair lending risk in bank mergers and acquisitions! In a landscape where M&A activity is shifting, understanding the fair lending implications of bank combinations is crucial for navigating regulatory scrutiny and ensuring smooth transactions. Dive into the key insights and strategies for mitigating fair lending risks in M&A transactions here: https://lnkd.in/eTgFaktF #Banking #MergersAndAcquisitions #Mergers #Acquisitions #FairLending #Compliance #FinancialServices #RegulatoryRisk
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Massive news as the federal Treasurer Jim Chalmers approves the ANZ and Suncorp Bank merger! It's one of the biggest banking mergers for the past two decades and - if all completes by the end of next month as planned - will see ANZ's $298 billion residential loan book expand by $53 billion (to $351 billion). This would make it the third-largest major bank - pushing NAB down to fourth place. Find out more on The Adviser Magazine #merger #banking #bank #finance #lending #mortgage #homeloan #broking #treasury #consolidation #broker
***BREAKING NEWS*** ANZ-Suncorp merger gets green light from Treasurer - now just one more hurdle before merger completes in July https://bit.ly/3XIJngP
ANZ-Suncorp merger gets green light from Treasurer
theadviser.com.au
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Lots of activity in the bank mergers and acquisitions space. This report from S&P Capital IQ outlines the $1B and over transactions during the last year. If buying or selling is in your foreseeable future, CCG Catalyst can assist in the sometimes-daunting task of managing the integration and transition processes. #ccgcatalyst #banking #regulatorycompliance
capitaliq.spglobal.com
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📈 We are looking at M&A activity: credit unions are actively acquiring banks, with M&A activity up 40% compared to this time last year 🔥 Q2 2024 saw a 22% increase in announced deals compared to Q1. The acquisitions are coming at a record pace, and the institutions being acquired are getting larger. What do you think? Share your thoughts in the comments. https://hubs.ly/Q02Pdf4B0 #Banking #Merger #Acquisition #CommunityBanks #BankingTrends #MergersAndAcquisitions
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History of US Bank #USBank #usbankhistory #lincolnCharter #WhoownsUSBank #USBankPortfolio #historyofUSB Learn about 1. History of US Bank 2. Mergers & Acquisitions that led to present day US Bank 3. Bank Charter 4. Who Owns US Bank 5. What does US Bank Own - USB Portfolio
history of US Bank
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Learn about US Bank History, M&A, USB Portfolio, Who owns US Bank.etc Find us on top of Page 1 of Google. #USBank #USBankHistory, #Founders, #Lincoln Charter
History of US Bank #USBank #usbankhistory #lincolnCharter #WhoownsUSBank #USBankPortfolio #historyofUSB Learn about 1. History of US Bank 2. Mergers & Acquisitions that led to present day US Bank 3. Bank Charter 4. Who Owns US Bank 5. What does US Bank Own - USB Portfolio
history of US Bank
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Credit unions are actively acquiring banks. Q2 2024 saw a 22% increase in announced deals compared to Q1. 🔥 M&A activity is up 40% compared to this time last year. The acquisitions are coming at a record pace, and the institutions being acquired are getting larger. What do you think? Share your thoughts. https://hubs.ly/Q02PdJ360 #Banking #Merger #Acquisition #CommunityBanks #BankingTrends #MergersAndAcquisitions Jeff Harper
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BF&M and Argus have completed share transfers with minority stakeholders, paving the way for shareholders to vote on their merger. Meeting dates are yet to be confirmed. Following the merger, BF&M chief executive officer Abigail Clifford is expected to become CEO of the combined group. Read more on the merger here: https://ow.ly/bsUU50UlABz #MergerAndAcquisition #CorporateNews
Shareholders set to vote on BF&M-Argus merger
bermudareinsurancemagazine.com
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The NCUA approved 46 mergers during the second quarter of 2024, up from the 26 consolidations that received the green light to consolidate during the first quarter and 36 approved mergers during last year’s second quarter. #creditunions #bankingindustry #financialservices #fintech #mortgagelending #managementconsulting #money #future
NCUA Approves 46 Mergers During the Second Quarter | Credit Union Times
cutimes.com
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