Exploring bank sales
When news hits that a credit union has purchased the assets of a community bank, it\u2019s often a win-win situation for the credit union, community bank, and community involved. \u201cBank owners have a lot of reasons for selling to a credit union,\u201d says Caroline Willard, president/CEO of the Cornerstone League. \u201cSometimes that includes a better cultural fit, a likelihood of employee retention, and also preservation of a community legacy. Credit unions oftentimes will keep an institution running and p...