Credit unions acquiring banks is a growing trend in the financial institution space. This course will explore the reasons why a credit union would consider buying a community bank and, vice versa, why a community bank would consider selling to a credit union. We will also discuss the strategic considerations for a credit union to contemplate adding bank acquisitions to their growth strategy. We will also review the transaction structures and their financial ramification. Lastly, the acquisition accounting utilized for these types of transactions will be examined.
Course Objectives:
Skyway Capital Markets
Managing Director
[email protected]
(813) 955-8955
Managing Director of Skyway Capital Markets in Tampa, Florida. Specializing in credit union/bank acquisitions and credit union issuance of secondary capital. Before joining Skyway, Senior Vice President and Chief Financial Officer of Achieva Credit Union (“Achieva”) in Dunedin, Florida, the first credit union to acquire a community bank via merger and the first credit union to acquire a second community bank. President of Achieva Merger Services (“AMS”), a wholly-owned subsidiary of Achieva formed in June 2017. AMS’s business model was to provide merger consulting services to credit unions and community banks interested in mergers with each other. Prior to joining Achieva, thirty-seven years in the banking industry as a C-suite executive, primarily as CFO, with publicly traded banks, privately held banks, and a mutual savings bank. During this time involved in multiple mergers and acquisitions on both the buy and sell-side, including the first Florida-based financial institution to acquire out-of-state financial institutions.