In this issue, we report on a developing trend of credit unions buying banks. Our story on page 35 presents the latest example: Advia Credit Union of Parchment, Mich., announced it will buy Peoples Bank of Elkhorn, Wis. Our feature on page 14 notes there has been a dozen cross-industry deals in the last five years.
I am also struck by a prediction made by consultant Roxanne Emmerich, whom we profile in a feature beginning on page 22. She says many banks, even good ones, will be out of business in three years. She said she . . .
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