CEO Advisory GroupSan Francisco Federal Credit Union Completes Acquisition of Summit Bank, Marking California’s Latest Credit Union–Bank Deal
San Francisco Federal Credit Union has completed its acquisition of Oakland-based Summit Bank — only the second credit union–bank deal in California — creating a combined institution with roughly $1.9 billion in assets. CEO Advisory Group served as financial advisor to the credit union.
Credit Union Mergers – July 2016
NCUA approved 11 mergers in July 2016 which has decreased from 16 last month. The number of mergers are down and the combined assets of merged credit unions are also down nearly $77 million compared to last month. … Read More
Credit Union Mergers – May 2016
Mergers approvals were down by half in May. NCUA approved 10 mergers in May 2016 which are down from 20 the previous month. The number of mergers are down and the combined assets of merged credit unions are… Read More
NCUA Approved Credit Union Mergers – May 2015
Reversing a trend, the number of mergers is up compared to last year. The NCUA approved 19 mergers in May 2015 which is up from the 16 mergers in May of last year. Not only were the number… Read More