Robert Maddox Quoted in S&P Global on Including Credit Unions in Market Share Assessments During M&A Reviews

Bradley attorney Robert Maddox was quoted in S&P Global on adding credit unions to market share reports for bank M&A reviews.

During an event in February, Acting Comptroller Rodney Hood, a former chairman of the National Credit Union Administration, said he would recommend to the U.S. Justice Department that credit unions be included in market share assessments when conducting reviews of mergers between banks. Some bank deal advisers think it's a long overdue idea.

“Excluding credit unions from geographic areas can distort the outlook for a pro-forma bank by underestimating the competition,” Maddox said. “Your analysis is going to be off.”

The full article, “It's ‘logic-defying’ to omit credit unions from market share in bank M&A reviews,” was published by S&P Global on March 18, 2025.