S&P Global Market Intelligence CONTRIBUTOR

Lauren Seay

Lauren leads S&P Global Market Intelligence's banking news, overseeing a team of reporters focused on covering banks of all sizes and bank regulation.Full Bio

Date

Type

Title

Segment

Jun 2024

News

US bank assets sold to credit unions surge to all-time record

Less than six months in, 2024 is already shaping up to be a record-breaking year for credit union-bank deals, and the pace is showing no signs of slowing down. Total target assets of banks selling to credit unions hit its highest yearly point ever less than halfway through 2024. Through June 4, 12 US banks have announced plans to sell to a credit union for a total of $7.21 bill...

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Feb 2024

News

Blue Ridge turned down M&A offer and is sticking with a recapitalization de

Blue Ridge Bankshares Inc. is aiming to push its pending recapitalization over the finish line and walked away from a potential purchase offer from Southern BancShares. This was confirmed by three different sources with knowledge of the matter, who spoke on condition of anonymity because the discussions have not been made public. Late in 2023, Mount Olive, NC-based Southern Ban...

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Jan 2024

News

Credit unions to face stiffer competition for bank deals in 2024

Credit unions' appetite for bank deals won't wane in the new year, but those potential buyers are expected to face more hurdles. In 2023, US credit unions announced 11 bank deals, three shy of the record 14 announcements in 2022. However, the slow pace of bank M&A led to credit unions making up a greater share of the buyers in 2023 bank deals, with the percentage increasing to ...

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