Assessing a Flurry of Credit Union-Bank Deals

Five banks agreed to sell to credit unions last week. Here are our thoughts and observations about those deals and the actions bankers should take.

Happy Tuesday, Bank Slaters!

Hanging in there okay? How was the three-day weekend? I’m off to Dallas as part of SRM’s Payments University. Keen to hear what people are expecting in terms of payments trends in 2024 and beyond.

Let’s talk about credit unions buying banks.

Nothing gets bankers more riled up than a credit union-bank deal. My banker friend Brad Bolton has stayed on top of this issue months after his term as chairman of the Independent Community Bankers of America ended. Follow him here on X (Twitter).

This week really peeved bankers – five credit union-bank deals were announced – and led to renewed calls to restrict them on a national level.