Credit unions ramped up bank-buying in 2022
Credit unions announced 15 deals for banks in 2022, surpassing 2021's total — with much of the momentum coming late in the year.
Source: americanbanker.com
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Dover Federal Credit Union in Delaware names new chief executive
The credit union hired Janell Upton to succeed Chaz Rzewnicki, who left to become CEO of Vibe Credit Union in Michigan.
Source: americanbanker.com
Two Michigan credit unions with same CEO to merge
Rivertown Community Federal Credit Union and Allegan Credit Union in Michigan will join forces in January under their shared boss, Kris Lewis.
Source: americanbanker.com
Truity Credit Union in Oklahoma names chief operating officer as interim CEO
The interim chief executive, Mark Wilburn, has been with Truity more than 25 years. The outgoing CEO, Dennis Halpin, plans to retire in January.
Source: americanbanker.com
Alabama One Credit Union buying a bank
Alabama One said the deal for First Bank of Wadley, a subsidiary of Peoples Independent Bancshares in Boaz, Alabama, would expand its footprint in the eastern part of the state.
Source: americanbanker.com