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Bank M&A
01/26/2024

Is M&A Ready for a Rebound? 

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About the authors
Written by
Patrick Vernon Partner

Patrick Vernon is a partner in the consulting group at Crowe. He specializes in valuation services, transaction advisory and structuring, and acquisition accounting. Patrick has more than 12 years of experience with providing valuation and accounting of acquired loans, debt instruments, and other financial instruments as well as the valuation of intangibles acquired through financial services business combinations. He also engages in CECL implementation consulting services, assisting financial services organizations in the preparation and implementation of CECL reserves.

Patrick Vernon
Partner

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

Partner

Patrick Vernon is a partner in the consulting group at Crowe. He specializes in valuation services, transaction advisory and structuring, and acquisition accounting. Patrick has more than 12 years of experience with providing valuation and accounting of acquired loans, debt instruments, and other financial instruments as well as the valuation of intangibles acquired through financial services business combinations. He also engages in CECL implementation consulting services, assisting financial services organizations in the preparation and implementation of CECL reserves.