Market dynamics have cooled credit union-bank mergers and acquisitions, but consolidation is coming

Skyway’s Russ Hunt and Dennis Holthaus talk to Tampa Bay Business Journal about the new market dynamics around credit union-bank mergers and acquisitions.  Excerpt below:

A few years ago, it seemed surreal — credit unions were buying banks.

At the time, would-be dealmakers around the country were reaching out to Tampa-based Skyway Capital Markets and its Managing Director Dennis Holthaus for his expertise. With decades in the credit union and banking industry, he has consulted with multiple credit unions across the country on bank acquisition transactions.

Now, emerging from the pandemic, the story has changed. A driving force when the trend started was a need to deploy excess capital. Full story here.