Issues : Bank M&A
M&T will be the second-largest bank in its geographic footprint after its planned acquisition of People's United Financial. CFO Darren King discusses how he views M&A.
Mergers and acquisitions in the bank space are on a blistering pace, following a listless year of deal activity due to the coronavirus pandemic and associated uncertainties.
Banks considering M&A should evaluate their data strategies, since unresolved challenges can result in poor outcomes after the deal closes.
What questions should your board ask now about their own strategies?
Banks should be prepared for four requests for additional information, including questions that are not otherwise included in the standard application forms, when filing merger applications.
While the number of deals announced in this environment are modest, the stakes involved in contemplating and executing them certainly are not.
With extensive strategic and operational foresight and careful navigation of the potential pitfalls, peer mergers offer a way to quickly add scale and supercharge your bank.
A number of factors support an improved M&A market in 2021 for both buyers and sellers.
Here are five critical assessments that every board should make to minimize acquisition risk.
The banking sector is primed to consolidate further, with larger transactions magnifying both opportunity and risk for institutions.