There were only 5 merger transactions announced in April and May as deal activity succumbed to the national shutdown for the coronavirus.  Most of the transactions were smaller cash transactions without pricing being reported.  When we as a country are finally able to go back to work, the process of assessing the economic damage will begin.  No doubt, many banks will suffer losses as borrowers struggle to get back on track.  The collapse in oil prices is an under reported story that could severely impact a few hundred banks in specific geographies.  All of this will likely lead to accelerated merger activity in the quarters ahead with cash buyers being in the driver’s seat.  Click here for a listing of the March transactions

Given the collapse in publicly-traded bank stocks, many privately owned banks are opting to get stock valuations as of March 31 to take advantage of opportunities afforded by lower valuations.  Please contact us if we can be of service to you in any way during this transitional time.

Sheshunoff & Co Investment Banking has compiled a one-page summary of all bank transactions announced in April and May 2020.  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.

 

FINAL April, May M&A Deals 06.04.2020

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 me at (512) 703-1561 or jadams@smslp.com.

Leave a Reply

Your email address will not be published.