Most Community Banks Won’t Sell to Credit Unions

A majority of community bankers say they would not sell their institutions to a credit union, even if the credit union offered the best price, according to a new survey conducted by the IntraFi Network. In the survey of leaders from 392 community banks, 53% said they would not sell to a credit union, while 47% said they would sell to whoever offered the best price, even if it is a credit union. Among community bank presidents, 66.7% said they would not sell to a credit union. When the same question was posed to CEOs, 55.68% said they would refuse