Tag: Acquisitions

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 […]

August 20, 2021

The pace of announced mergers among rated U.S. banks has accelerated and is likely to gain steam. The limited prospect of material loan growth makes asset growth via mergers and acquisitions increasingly attractive. And as we anticipated, more banks are […]

July 30, 2021

Lloyds says Embark will improve its ability to address the mass market and self-directed wealth sector. The bank is also hoping to replatform its pensions and retirement services, and says it wants to create a “market leading” platform for intermediaries. […]

September 30, 2019

Whether you plan to sell your bank or are in the market to acquire one, there are several sticking points that can delay the transaction. It can be helpful for both potential buyers and sellers to think about how such […]

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 […]

July 30, 2018

Since the 1970s, there has been an inevitable march toward a macro, quantitative assessment of credit quality. Technology and big data ensured its emergence to complement the more traditional, transactional counterpart of credit risk management. Since the adoption of the […]

April 20, 2018

If you have seen as many cycles in the bank industry as Eugene Ludwig, founder and CEO of Promontory Financial Group and a former comptroller of the currency, you know the time to be most vigilant is not when things […]

December 28, 2017

SoftBank Group completed its acquisition of Fortress Investment Group for $3.3 billion in cash. Following the close, SBG and its wholly-owned subsidiaries own all outstanding Fortress shares. As a result of the acquisition, each outstanding Fortress class A share was […]

October 23, 2017

PacWest Bancorp completed its merger with CU Bancorp. California United Bank, a wholly-owned subsidiary of CUB, was merged with and into PacWest’s banking subsidiary, Pacific Western Bank. Matt Wagner, CEO of PacWest and Pacific Western Bank, stated, “We believe the […]

October 14, 2016

There is a growing likelihood that the bank M&A market in 2016 will see declines in both deal volume and pricing compared to the previous two years, even as the industry’s underlying fundamentals remain relatively unchanged. “The operating environment is […]

July 5, 2016

Wirecard has reached a definitive agreement to acquire Citi Prepaid Card Services – giving it an expansion into North America. The firm says Citi Prepaid card services have launched over 2,500 client programmes, associated with global companies and brands, but […]

April 22, 2016

Reverse due diligence in the context of bank mergers and acquisitions has become more relevant in the current regulatory environment. Bank regulators are more closely scrutinizing transactions and taking a stricter approach to supervisory and regulatory matters. This may generally […]