Abrigo
AUGUST 11, 2016
Bank acquisitions by credit unions did not exist until 2011, when St. Joseph, a Michigan-based credit union, acquired Indiana-based Griffith Savings Bank. A recent article in the Milwaukee Wisconsin Journal Sentinel notes, “More community bank takeovers by large credit unions are likely.”
Jeff For Banks
MARCH 5, 2021
A bank trade association CEO asked me a couple of questions while he was researching an op-ed piece. Shouldn't the CFPB work to address the impediments to starting a bank in LMI markets rather than punish community banks who scrambled to serve their customers when the economy shut down? The edited Q&A is below.
Jeff For Banks
DECEMBER 13, 2018
This is clearly a turnaround situation, as the bank lost over $12 million in 2010, over 20% of its capital (ouch). But once they turned things around they took their deferred tax asset back onto their books and did three acquisition. is the parent company of Willamette Valley Bank, a community bank headquartered in Salem, Oregon.
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