With seven credit union acquisitions of banks during 2017, one analyst is forecasting that the number in 2018 should be even higher as the result of several trends.
Michael Bell, attorney and counselor with Howard & Howard, says that merger and acquisition activity on the bank side and greater awareness by banks of CUs as buyers could drive the number of these deals higher. Bell has been part of 20 CU/bank deals, including three mergers of a bank into a credit union.
“I expect 2018 to show increased activity in CU acquisitions of banks,” said Bell. “I think on the bank side, merger and acquisition activity is increasing, which is a natural opportunity for credit unions to buy more banks.”
Read more in CUToday.