Robert Hallberg

Could you use up to $750 for your business? You’ve got it—when you open an Associated Bank business checking account! Follow these simple steps and get growing now! http://spr.ly/6040e8Tso

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Another midwest bank merger only this one is larger. Are mergers becoming fewer and with larger banks? What does it mean to you, your job, your career, your company? ◾ The trends for 2023 for bank and credit union mergers: they were in the Midwest frequently, the acquired bank was under $200MM, the acquiring bank was under $10B, and the acquisition gained access to a new state. 🔷 Has there been one change in M&A for 2024? Are the size of insitutions involved getting larger? The earlier acquisition announcement this year by Capitol One of Discover is now followed by this slightly smaller merger. Wintrust is roughly $57B and Macatawa is roughly $2.7B. POST EDIT: Oh and FIVE (5) credit unions in Illinois announced their decision to merge (see article link in comments). Is this a start of a trend with Super Regional (say over $100B) and larger Regional banks (say over $10B) entering the M&A market as buyers and/or sellers? Will the difficult political environment (see link to post on political pressures against mergers in comments section) enter into these larger mergers being approved? Will credit unions continue to increase their pace of mergers? Do banks under $10B (and their employees) now become targets? Are credit union mergers entering a period like the 1990's was for banks with a big up tick in the number of them? #mergersacquisitionsdivestitures #mergersandacquistions #mergers #bankingindustry #bankingandfinance #banking #creditunions #creditunion #job #career #careerdevelopment

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Colossal #bank #merger alert! UMB Financial Corp/UMB Bank is set to acquire HTLF (Heartland Financial USA) in an all-stock deal worth $2 billion. The deal will create a combined $65 billion-in-assets entity with a 13-state footprint and nearly 5,500 employees. Notably, Heartland had been an active acquirer themselves and currently operates banks within an 11-state footprint under several divisions including Minnesota Bank & Trust, a division of HTLF Bank, Wisconsin Bank & Trust, a division of HTLF Bank, and Arizona Bank & Trust, a division of HTLF Bank, among others. Exciting news... and a harbinger of what's to come??? And lastly- will this deal actually close???

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Gain insights into understanding commercial and industrial lending and how it can benefit your business growth and expansion. Check out our blog!

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McKinsey & Company - we couldn't agree more!  In the recent article,  “Six imperatives for credit unions to secure their future”  (https://lnkd.in/gtneDV5m ), McKinsey presents six critical imperatives that provide a roadmap for success to overcome the challenges facing credit unions across the country. By leveraging digital channels, enhancing customer experience, and reimagining products and services, credit unions can navigate the evolving financial industry with confidence. As the only self-directed investing solution built specifically for community financial institutions - and a particular focus on credit unions - InvestiFi appreciates McKinsey shedding light on the ways credit unions can improve the attraction, retention and engagement of members through these imperatives. At Investifi, we understand the significance of staying ahead of the curve. Our solution is unique in that it is the only self-directed investing platform that allows Members to invest directly from their accounts while ensuring that proceeds from sell orders then go directly back into their accounts with the credit union. This decreases the outflow of assets to third party investing apps, improves the retention of current Members and attracts new ones with these additional solutions.  To learn more about InvestiFi and request a demo, visit us at https://investifi.co/. 

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Another #creditunion from #Minnesota has joined CUCollaborate! These partnerships are invaluable to the growth and strength of cooperative finance - welcome! We are excited to work together. #CreditUnions #FinancialCooperation #Partnership #CooperativeBanking #FinanceIndustry #BankingInnovation #FinancialServices

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PeoplesBank and Cornerstone Bank have announced an agreement to combine their holding companies. While the merger agreement will unify holding companies, both banks will continue operating under separate names and brands for the foreseeable future.   What does this mean for our customers? Nothing, really. There will be no changes to accounts, products, hours, locations….anything at all. No changes.   What does this mean for our associates? More opportunities for growth and advancement.   What does this mean for our communities? More support, more volunteerism, and best of all, more Real. Simple. Banking.   For more information https://lnkd.in/e_ib7JVu   Pictured: Todd Tallman, CEO, Cornerstone, Tom Senecal, CEO, PeoplesBank #BankAtPeoples

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The size of banks in M&A activity is definitely growing in 2024. Who are the targets for acquisitions in 2024? How does this effect you, your job, your career, your company? 🔸 In February we had Capital One’s purchase of Discover (see link below for details) 🔸 In mid-April we had the Wintrust purchase of Macatawa (see link below for details). 🔸 Now we have UMB’s purchase of Heartland Financial. It is now almost as likely for larger regional banks to be involved mergers as it is smaller banks? While M&A activity is slower in 2024 there are more larger banks involved. The question for your job, career, and company becomes are you the acquirer or the acquired? Is your bank or credit union growing and growing profits? Are you in the right place? Do you have the right talent to grow? #mergersacquisitionsdivestitures #mergersandacquistions #mergers #bankingindustry #banking #banks #creditunions #creditunion #career #job #growth

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How is Bank of America doing more in our communities? Business Community Officers like Hassan Elsayed are taking proactive steps to educate and support businesses in communities across the country to get the capital they need. This is a great article demonstrating the impact of this great work.

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🎙 New Podcast Alert 🎙 We brought in our CUSO cousins, Tru Treasury, to discuss their treasury management system designed to help our credit union members who are also small business owners. In this episode, we cover: 💲 How to secure more deposits in a time when everyone is tight on cash. 💪 How CMP training can bulk up your resume and equip you to change people's lives for the better. 🏅 How can Tru Treasury help change the game for your credit union? Listen here: ➡ https://lnkd.in/ghmZCcVK ⬅

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🚨NEW #WeeklyMacroMinutes with Chief Economist Bill Adams: This week, find out why the Fed is likely to hold off on rate cuts until September. 👀 Read Bill’s full commentary here: https://bit.ly/3Wakt95 Member FDIC. #Comerica #ComericaBank #EconomicReport #EconomicNews #WeeklyEconomicReport #RateCuts #TheFed

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Great article on Diane Moua!

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Take a look at this thoughtful article by PFG's CEO Mike Prior on 3 Simple Steps to protect your credit union and members from an unexpected broker-dealer exit! "Credit Union Wealth Management Execs: You’re on the Clock!" https://lnkd.in/gd29na67 #CreditUnions #creditunion #WealthManagement #investmentadvisor #financialplanning Priority Financial Group

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