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…
Residential Real Estate Faltering in the Heartland
This hurricane season will undoubtedly have lasting effects on the people, businesses and banks operating in the Southeastern United States. Our hearts and prayers are with them. For the most part, residential real estate had been holding up quite well…
Can’t Bank on Mother Nature
If anything has been made clear over the past couple of weeks, it is that no place is protected from the wrath of Mother Nature. Beyond a devastating human toll, weather-related events also take a huge financial toll. This is…