Tag: M&A

November 13, 2023

Bank leaders’ enthusiasm for M&A appears muted going into 2024, but an appetite for sticky, low cost deposits could motivate some financial institutions to make a deal in the year ahead. Bank Director’s 2024 Bank M&A Survey, sponsored by Crowe […]

July 28, 2023

While bank merger and acquisitions activity in the U.S. is at historic lows — the slowest pace since 2009 — there are deals getting done. Additionally, banks are positioning themselves for when the market improves. Until then, the deals that […]

April 27, 2023

Binance.US says it has made the “difficult decision” to terminate the $1.022 billion deal, which was initially announced at the end of last year, citing “the hostile and uncertain regulatory climate” in the US as its reason for pulling out, […]

November 14, 2022

Year after year, Bank Director’s annual M&A surveys find a wide disparity between the executives and board members who want to acquire a bank and those willing to sell one. That divide appears to have widened in 2022, with the […]

June 3, 2022

As the banking industry shrinks each year, CEOs often ask what they should look out for to improve profitability during and after a merger or acquisition. There is one area that is all too often overlooked: debit card profitability. As […]

February 15, 2022

There were 418 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2021, up from 407 the previous year, according to a report published by law firm Clyde & Co. Activity was driven by a particularly strong second […]

August 27, 2021

Mergers and acquisitions (M&A) in the global insurance industry dropped 3% in the first half of 2021 with 197 completed deals worldwide, down from 206 in the second half of 2020, according to Clyde & Co.’s “Insurance Growth Report” mid-year […]

August 19, 2021

The acquisition is Goldman’s largest since the appointment of new CEO David Solomon in 2018, and comes as part of the bank’s attempts to diversify its revenues. NNIP, also known as NN Investment Partners, has $335 billion in assets under […]

April 2, 2021

Whilst some big deals announced last year never came to fruition in these early months – including Visa’s $5.3 billion acquisition of Plaid, and crowdfunding platforms Crowdcube and Seedrs – plenty of other deals emerged to take their place. Here’s […]

January 13, 2021

The US Department of Justice (DOJ) filed a civil antitrust lawsuit against the merger back in November. It alleged that Visa’s reason for acquiring Plaid was to take a future competitor out of the market. Now all parties have all […]

February 5, 2020

Total insurance industry merger and acquisition (M&A) deals in December 2019 worth $12.92 billion were announced globally, according to GlobalData’s deals database. The value marked an increase of 470.5% over the previous month and a rise of 336.3% when compared […]

January 14, 2020

Plaid, which calls itself the “plumbing” behind fintech, provides the application programme interfaces (APIs) which connect users’ bank accounts with third party providers (TPPs) such as Venmo, Square Cash and Robinhood. The size of the deal is roughly double the […]

April 17, 2019

With loan quality generally viewed as benign while M&A activity continues into 2019, is any emphasis on credit due diligence now misplaced? The answer is no. With efficiency driving consolidation, bank boards and management should not be tempted to take […]

March 11, 2019

A recent decision by the Delaware Supreme Court relating to a merger between two pharmaceutical companies that was terminated before closing could have implications on bank mergers and acquisitions. On Dec. 7, 2018, the Delaware Supreme Court affirmed the lower […]

September 21, 2017

Live Oak Bancshares added Heather Endresen and Lisa Forrest as senior loan officers for the bank’s new mergers and acquisitions (M&A) lending team. This segment was developed to help customers understand the process of buying other businesses and the role […]

July 26, 2017

Long-term relationships helped propel a few investment bankers to the top of the bank and thrift lead banker rankings in the bank space in the first half of 2017. With only a handful of multibillion dollar deals surfacing in the […]

June 16, 2017

Recent midsize sellers have had a few things in common, such as good loan growth and high sale valuations, yet they also share a surprising similarity: an above-peer amount of noncore deposits. Those deposits have not seemed to deter buyers, […]

June 9, 2017

Bank merger-and-acquisition activity—the vast majority of it involving community lenders as the targets—continued at a steady but modestly slower clip during the first five months of 2017. But the pace picked up notably in the Southeast region, with activity strongest […]

May 31, 2017

Deutsche Bank added Jeffrey Mensch to its M&A team as a managing director. Mensch will be based in New York and report to Charlie Dupree, head of Americas M&A. Mensch will join the bank in early June from MacAndrews & […]

May 22, 2017

Despite a long-running consolidation trend in banking and a recent run-up in stock valuations, small privately owned banks interested in selling are having a tough time finding a buyer. Panelists and attendees at the D.A. Davidson Financial Institutions Group Summit […]