This week's most read content includes features on bank deals, a Data Dispatch on enforcement actions and an interview with a credit union CEO.
Not your average deal…
For veteran analyst Nancy Bush, Synovus Financial Corp.'s agreement to buy FCB Financial Holdings Inc. at a discount was a refreshing rarity in bank M&A.
WSFS goes big in Philadelphia with $1.5B deal, plans major tech investments
Investors initially balked. Shares of WSFS Financial Corp. fell about 7% in morning trading after the company said Aug. 8 that it would buy Philadelphia-based Beneficial Bancorp Inc.
Civis Bank receives 1st prompt corrective action directive of 2018
Enforcement actions continue to decline as a whole, though.
GreenSky's large bank partners want to commit $750M to $1.5B in new loans each
In addition to adding two new banks before year's end, GreenSky Inc. said four of its largest banking partners requested to increase their commitments over the next year by between $750 million and $1.5 billion each.
Connecticut-based CEO says new rule could put a damper on CU mergers
Small credit unions often turn to mergers as a way to continue serving their members in the face of increasing costs and competition, but some in the industry fear a new rule could have a chilling effect on deals.