Patrick Vernon is a senior manager of advisory services at Crowe LLP, focusing on transaction and valuation services for financial institutions and investor groups regarding select asset acquisitions and whole bank and financial service firm acquisitions. Mr. Vernon has extensive experience with CECL implementation projects and solutions including risk assessment, model documentation and theory and technology solution evaluation. He has a background in external audit engagements with a primary focus on allowance for loan losses.
Is M&A Ready for a Rebound?
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About the authors
Written by
Patrick Vernon
Senior Manager, Advisory Services
Patrick Vernon
Senior Manager, Advisory Services
Bank M&A activity could come back in 2024, but that depends on a handful of factors including stock valuations and the interest rate environment, says Patrick Vernon, senior manager, advisory services, with Crowe LLP. Lower valuations across the industry slowed dealmaking over the past year, but a desire for more liquidity could motivate potential buyers off the sidelines. Banks with stable deposit bases — including a good mix of interest-bearing and noninterest-bearing deposits — could be attractive targets.
Topics include:
- Credit Risks to Watch
- Impacts of Goodwill on Deals
- Pricing Expectations
- Buying Failed Banks
Bank Director’s 2024 Bank M&A Survey, sponsored by Crowe, studies current growth strategies, including banks’ appetite for deals and investments in organic growth. The survey results are also explored in the 1st quarter 2024 issue of Bank Director magazine.
Sponsored by:
WRITTEN BY
Patrick Vernon
Senior Manager, Advisory Services
Patrick Vernon is a senior manager of advisory services at Crowe LLP, focusing on transaction and valuation services for financial institutions and investor groups regarding select asset acquisitions and whole bank and financial service firm acquisitions. Mr. Vernon has extensive experience with CECL implementation projects and solutions including risk assessment, model documentation and theory and technology solution evaluation. He has a background in external audit engagements with a primary focus on allowance for loan losses.