Merger transaction activity dropped to 12 announcements in May from 19 announcements in April and also compares to 1 from May 2020 and 29 from May 2019. Prices continue to strengthen with two transactions in excess of 2x tangible book as buyers use their highly-valued stock as acquisition currency. Notable in both May and April were the number of sellers with over $1 billion in assets. Contact us for more details.
Sheshunoff & Co Investment Banking has compiled a one-page summary of all bank transactions announced in May 2021. The list is sorted by geographical region, which will allow you to search for transactions not only in your area, but also throughout the country in markets similar to yours.
Given the volatility in publicly-traded stocks, many banks would benefit from obtaining a mid-year 2021 stock valuation to ensure an accurate assessment rather than rely on a valuation prior to year-end. Please contact to us if we can be of service to you in any way during this transactional time.
If you have any questions or comments about today’s M&A market or would like to discuss various strategies for your institution including opportunities to issue low cost debt or raise new equity, we would enjoy the opportunity to speak with you. Please contact John Adams, Principal & Head of Investment Banking at (512) 703-1561 or jadams@smslp.com.