Finding a Buyer
As the adage goes, banks are sold — not bought. But once a board decides a sale is in order, how can it take that next step and find the right buyer? Sellers typically find a merger partner either through a formal auction process or from a preexisting relationship, says David Hooper, a partner with Barnes & Thornburg. In this video, he walks through enlisting an investment banker to solicit bids and how long that can take, as well as what it may look like to find a buyer via targeted negotiations. Finally, he shares why there is no perfect time to sell a bank.
Topics discussed include:
- The Role of an Investment Banker
- Individual Negotiations
- The M&A Cycle
The above video is part of Bank Director’s Online Training Series. To learn more, view What to Do When an Acquirer Makes an Offer.
David Hooper
David Hooper is a partner at Barnes & Thornburg LLP in Indianapolis, where he co-chairs the Securities and Capital Markets Practice Group and is a leader within the firm’s Banking and Financial Institutions Practice Group. He specializes in securities law, financial institutions, banking regulation, and mergers and acquisitions. Mr. Hooper regularly advises clients on securities offerings, bank regulatory compliance, securities regulatory matters, and corporate governance. He has extensive experience advising public and private banks and thrifts on mergers and acquisitions, corporate governance matters, capital raising activities, and compliance.