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As credit unions resume M&A, bankers renew attacks on tax exemption

As credit unions resume M&A, bankers renew attacks on tax exemption
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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Credit union's deal for tiny thrift has mutual bank advocates on edge

Credit union's deal for tiny thrift has mutual bank advocates on edge
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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Iowa credit union proposes buying Illinois, Nebraska banks

Dive Brief:
North Liberty, Iowa-based GreenState Credit Union is buying two banks Oak Brook, Illinois-based Oxford Bank & Trust and Omaha-based Premier Bank, the credit union announced Tuesday.
The deals, each expected to close by the fourth quarter of 2021 pending regulatory approval mark the third and fourth banks to be bought by a credit union this year.
Credit union purchases of banks typically draw objections from trade groups such as the Independent Community Bankers of America (ICBA), which argues credit unions’ tax-exempt status allows them to offer a higher purchase price for acquisitions than banks can, and lets them grow more freely. ....

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VyStar shrugs off community bank concerns, stays focused on growth

VyStar shrugs off community bank concerns, stays focused on growth
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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Wings Financial Credit Union to acquire Brainerd Savings & Loan

Wings Financial Credit Union to acquire Brainerd Savings & Loan
The transaction, which requires approval by state and federal regulators, is expected to close by May 31. When the merger is complete, the location will be rebranded as a Wings Financial branch, and the bank’s members will be enrolled as members of the credit union.
Written By:
Brainerd Dispatch |
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Brainerd Savings & Loan in downtown Brainerd.
Apple Valley-based Wings Financial Credit Union and Brainerd Savings & Loan announced Jan. 25 the two organizations have reached an agreement for Wings to acquire the bank, including its branch location in Brainerd.
The transaction, which requires approval by state and federal regulators, is expected to close by May 31. When the merger is complete, the location will be rebranded as a Wings Financial branch, and the bank’s members will be enrolled as members of the credit union. ....

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