Two Credit Union Deals Reach Finish Line
Two credit union deals reached the finish line as Hanscom Federal Credit Union acquired Maryland-based The Peoples Bank, and BrightBridge Credit Union completed its merger with Arrha Credit Union.
Beacon Hill Could Allow Credit Unions to Absorb Mutual Banks
A bill that would allow for Massachusetts credit unions to take over mutual banks passed its first hurdle yesterday: Getting a committee hearing.
Hanscom FCU Plans to Buy Maryland Bank
Hanscom Federal Credit Union has announced its plan to acquire a bank, Maryland-based The Peoples Bank, in a move guaranteed to raise hackles in the banking industry.
Pittsfield-Arrha Merger Elicits Mixed Feelings from Industry Leaders
Springfield’s Arrha Credit Union will be merging into Pittsfield Cooperative Bank, with a prominent credit union leader expressing “disappointment.”
Arrha Credit Union, Pittsfield Cooperative Bank to Merge
Springfield-based Arrha Credit Union and Pittsfield Cooperative Bank are seeking to merge, the first example of this controversial deal type in Massachusetts in recent years.
