Credit unions buying banks is a trend on the rise

In the last five years, numbers of such transactions have risen sharply, with more anticipated in 2022

Stanton Davis is chief innovation and experience officer at Avadian Credit Union. Photo by Art Meripol. Late last year, Birmingham-based Avadian Credit Union acquired Citizens State Bank of Vernon, a deal expected to close no later than the third quarter of 2022. The acquisition raised Avadian’s assets to about $1.2 billion,…

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