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Deposit dilemma pushing mergers?

first_imgI read with interest the “Deposit Dilemma” article in Invictus Group’s recent Bank Insights newsletter, which asserts that the current economic situation is pushing more banks to boost their deposits through an unconventional means: mergers. I emailed mergers expert Glenn Christensen, asking “Is this what you’re seeing among credit unions, too?”President/CEO of CEO Advisory Group, Lake Tapps, Wash., Christensen replied that he was seeing some parallels in the credit union industry—and offered the following additional thoughts:As illustrated in the chart below, the number of credit unions with loan-to-share ratios exceeding 90 percent has tripled in the last five years among credit unions with over $500 million in assets. Among these credit unions, the average loan-to-share ratio has increased from 70 percent to 85 percent. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Reports: Lakers start making offers for Anthony Davis to cool reception from Pelicans

first_imgThere’s been intrigue between the Lakers and Davis for several months, which picked up dramatically after James said in December that it would be “amazing” to play with Davis. The two players also share an agent, Klutch Sports power broker Rich Paul.Related Articles Trail Blazers beat Grizzlies in play-in, earn first-round series with the Lakers Lakers, Clippers schedules set for first round of NBA playoffs The Lakers appear to be willing to risk it all for a shot at Anthony Davis.A number of media reports have fleshed out the structure of negotiations between the Lakers and the New Orleans Pelicans as the clock ticks down toward the Feb. 7 trade deadline.A report from the L.A. Times indicates the Lakers’ front office is prepared to trade their young core, either in select pieces or as a whole: Lonzo Ball, Kyle Kuzma, Brandon Ingram and Ivica Zubac plus a combination of draft picks. According to the report, team president Magic Johnson laid out several options for potential trades to the Pelicans, who learned Monday that Davis wished to be dealt.Sign up for Home Turf and get exclusive stories every SoCal sports fan must read, sent daily. Subscribe here.And yet indications are the discussions have so far been relatively one-sided. ESPN reported Thursday that New Orleans general manager Dell Demps has been in phone contact with the Lakers, but that no substantive talks had taken place. How athletes protesting the national anthem has evolved over 17 years Lakers practice early hoping to answer all questions Trail Blazers, Grizzlies advance to NBA play-in game; Suns, Spurs see playoff dreams dashed AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersIt’s a critical time for the Lakers, who might have their best shot at pairing the five-time All-Star with LeBron James before the trade deadline passes. There’s plenty of motivation for them to hammer out a deal, with multiple teams expected to bid on the 6-foot-10 big man this summer.Davis is one of the best two-way players in the NBA: He’s averaging 29.3 points, 13.3 rebounds, 4.4 assist and 2.6 blocked shots per game, which no other NBA player has done over a full season other than Kareem Abdul-Jabbar. Like Abdul-Jabbar, Davis is the rare star early in his prime who has come available via trade, and the Lakers are determined to repeat history.And yet time is on the Pelicans’ side. While Davis is sitting out with a finger injury, he indicated to New Orleans, the only pro team he’s ever played for, that he expects to play out the rest of the season. A wrinkle in the Collective Bargaining Agreement has so far prevented the Boston Celtics, seen as the other major suitor for Davis, from making a competitive bid: The Celtics cannot trade for Davis while Kyrie Irving is still on his Designated Rookie Extension, which runs through this summer.RELATED: See the Anthony Davis trade FAQThe Celtics, who are similarly loaded with young talented players, as well as a bevy of draft picks, hope to pair Davis with Irving to solidify a championship-contending core of their own. Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more