Commercial Loans, Enforcement Actions and Crypto, Oh My
This week we examine some of the reasons that many banks are currently reducing their asset size. As the title suggests, the primary reasons include 1) divestiture of commercial loans, CRE in particular; 2) regulatory enforcement actions; and 3) exiting…
Banks: Finding Niches & Growing Assets
During the five years ended June 30, 2024, the number of U.S. banks decreased by over 14%, mostly by way of mergers and acquisitions. This consolidation of the banking industry in the U.S. has increased the average bank asset size…
Credit Union Acquisitions of Banks Pick up Speed
Since January 1, 2023 at least 37 banks have either been acquired or have made plans to be acquired by a credit union. (The list seems to grow daily.) Some of the acquiring credit unions are repeat customers, gobbling up…