Credit union-bank merger hits the skids: Wisconsin-based Verve's deal for Chicago's South Central Bank looked like a sign of things to come. One lawsuit and fired local president later, maybe not.

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      Credit union-bank merger hits the skids: Wisconsin-based Verve's deal for Chicago's South Central Bank looked like a sign of things to come. Oshkosh, Wis.-based Verve's acquisition early this year of Chicago's South Central Bank - the largest in a pair of credit union takeovers of local community banks in the last few years - has gone sideways. The disputes, which emerged just months after the deal closed in January, raise questions about whether a national trend that was gaining steam before the pandemic halted most bank dealmaking will continue once merger activity resumes - at least in the Chicago market. [Extracted from the article]