M&A Risk: Beyond the Numbers
Al Dominick serves on the board of DirectorCorps, Inc. The former CEO of Bank Director | FinXTech, he is a partner at Cornerstone Advisors.
Prior to Cornerstone and Bank Director | FinXTech, he ran the business development efforts for Computech, a Bethesda, Maryland-based information technology firm (now part of NCI — NASDAQ: NCIT). Before that, he worked for Board Member, Inc. in a variety of revenue-generating roles.
A 1999 graduate of Washington & Lee University, where he majored in Politics and was a four-year letterman on the varsity baseball team, he earned an MBA from the University of Maryland’s Robert H. Smith School of Business in 2007.
Rick Childs is a partner at Crowe LLP. He has over 35 years of experience in business valuation, transaction advisory services and accounting for financial services companies. Mr. Childs is the national practice leader overseeing the delivery of transaction and valuation services to the firm’s financial institutions clientele. His business valuation experience includes ASC 805 purchase price allocations including a focus on loan valuations, ASC 350 goodwill impairment testing and valuation of customer relationship intangible assets, including core deposit intangibles.
Mr. Childs is a frequent presenter for both national and state professional organizations including the SNL Financial, Bank Director, AICPA and Financial Managers Society. He has published articles on mergers and acquisitions in the ABA’s Commercial Insights, Community Banker, Bank Director and Bank Accounting & Finance.
Credit quality and cultural fit are the two most important factors considered as banks weigh a prospective deal, according to bankers attending Bank Director’s recent webinar with Crowe LLP, “M&A Risk: The Numbers and Beyond.” Those issues are always important, but even more so in today’s environment.
“Quite frankly, [culture issues] are probably a big reason why people don’t do a deal,” explains Crowe Partner Mike Percy in this exclusive outtake from that discussion. He joins Rick Childs, also a partner at Crowe, and Bank Director CEO Al Dominick to explore the role of culture in M&A – one of a number of risks discussed in the online event. Click HERE to access the full webinar.
Al Dominick
Al Dominick serves on the board of DirectorCorps, Inc. The former CEO of Bank Director | FinXTech, he is a partner at Cornerstone Advisors.
Prior to Cornerstone and Bank Director | FinXTech, he ran the business development efforts for Computech, a Bethesda, Maryland-based information technology firm (now part of NCI — NASDAQ: NCIT). Before that, he worked for Board Member, Inc. in a variety of revenue-generating roles.
A 1999 graduate of Washington & Lee University, where he majored in Politics and was a four-year letterman on the varsity baseball team, he earned an MBA from the University of Maryland’s Robert H. Smith School of Business in 2007.
Rick Childs
Rick Childs is a partner at Crowe LLP. He has over 35 years of experience in business valuation, transaction advisory services and accounting for financial services companies. Mr. Childs is the national practice leader overseeing the delivery of transaction and valuation services to the firm’s financial institutions clientele. His business valuation experience includes ASC 805 purchase price allocations including a focus on loan valuations, ASC 350 goodwill impairment testing and valuation of customer relationship intangible assets, including core deposit intangibles.
Mr. Childs is a frequent presenter for both national and state professional organizations including the SNL Financial, Bank Director, AICPA and Financial Managers Society. He has published articles on mergers and acquisitions in the ABA’s Commercial Insights, Community Banker, Bank Director and Bank Accounting & Finance.