The total number of U.S. banks and credit unions dropped

Since 2010, the total number of U.S. banks and credit unions has dropped to just 10,537 financial institutions by an astonishing 31 per cent.

Yet there have been only a couple of credit union-bank mergers in the last two years, compared to nearly 400 business mergers. Although not fresh, there has been much debate leading to confusion by the banking trade associations concerning credit union-bank mergers. For several reasons, that in....