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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.
Bankers urge policymakers to crack down on credit union-bank mergers 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.
Congress Must Act to Address the Growing Credit Union Dilemma townhall.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from townhall.com Daily Mail and Mail on Sunday newspapers.
The credit union that became VyStar needed 43 years to get its first billion dollars in assets back in 1995. The latest billion apparently accumulated since New Year’s Eve, after the lender stopped trying to slow its growth and delay the added regulations placed on credit unions whose assets exceed $10 billion. That was before the business announced an agreement March 31 to acquire Georgia-based Heritage Southeast Bank, its 22 branches and another $1.5 billion in assets. The deal will probably take until late summer to finalize, but the organization that started in 1952 as the 12-member Jax Navy Federal Credit Union inside a barracks-like building at Naval Air Station Jacksonville was already making preparations for new branches in Tallahassee, the Orlando area and Titusville. ....
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.