A Rare Look Into a Credit Union-Bank Merger

A pending sale involving a publicly traded bank gives us access to the purchase-and-assumption agreement. We also look back on major fintech developments from 2023.

Hello again, Bank Slaters!

I hope all is well. We’re in the midst of the fourth-quarter earnings season and we’re scouring dozens of releases for overlooked nuggets and emerging trends.

I am also preparing for my first AOBA conference. Reach out if you’re going — it would be great to connect — at info@thebankslate.com or (336) 707-3947.

We added our Bank Slate Convos podcast to Spotify (click here to listen). Separately, a video from the SRM Tech Talks conversation I moderated on last year’s trends and 2024 expectations can be found here.

Let’s talk about Global Federal Credit Union’s planned purchase of First Financial Northwest Bank in Renton, Wash. If the deal closes, the $1.5 billion-asset First Financial would be the biggest bank ever sold to a credit union.