Be sure to watch the full episode located below the show notes.
First Community Trust President/CEO John Gonner joined us on the show to share his insights on why more bank owners are turning to credit unions as potential buyers, as well as how to ensure a bank/credit union merger is successful for consumers.
John also talks about the hurdles to be cleared in these transactions, as federal laws disallow credit unions from offering trust and investment services. But he details how credit unions can get past these hurdles.
Lastly, he addresses if credit unions buying banks have so many benefits, why are certain bankers upset at this trend. It seems the bank owners who are looking to sell their banks are quite open to selling to credit unions.
Check it out and let us know your thoughts. And be sure to watch the entire episode for all the details.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.