I’m delighted that Sievewright & Associates (S&A) is now a part of SRM!
The acquisition comes after five straight years of solid growth in the S&A business, where we served more than 100 credit unions across the country ranging from $400 million to $53 billion of assets. The opportunity to join forces with an organization of SRM’s caliber, scale the business, and broaden support for credit unions all presented compelling reasons to sell.
Topics: Deposits, Credit Unions, Expense Savings, Leadership, Balance Sheet, Loans
As summer approaches, bank consolidation has been steady but not as brisk as many thought.
There have been 37 transactions announced by March 18, 2022. If this pace continues, it would be about 25% below last year, though many of 2021's deals were in the works before the pandemic. As with many other business transactions, they were shelved as Covid-19 took hold.
Topics: Vendor Contract Negotiation, Bank Vendor Management, Mergers & Acquisitions, Expense Management, Credit Unions
