Magazine : Archives : 2nd Quarter 2006

Piecing Together the M&A Puzzle

Admit it. You love a big deal. Don't we all? Sure, most bank merger and acquisition activity involves smaller transactions that are clearly important to the institutions involved and often jolt the competitive dynamics of local communities. But when it comes to sheer sexiness and ground-shaking oomph, nothing beats the big guys laying down big bucks for a big deal. Who among us didn't scour the details of this year's first announced large acquisition, Capital One Financial Corp.'s $14.6 billion acquisition of North Fork Bancorp, searching for insights on where the market is headed? Even without a direct connection, the...