Merger transaction activity decreased to 5 announcements in February from 12 announcements in January, which compares to 7 from February 2020. The marque transaction by size happened in Connecticut where $143 billion M&T acquired $63 billion People’s United Financial. Assuming a continued strengthening in public bank stocks, more can be expected at higher prices. Contact us for more details.
Sheshunoff & Co Investment Banking has compiled a one-page summary of all bank transactions announced in February 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 bank stocks, many banks are obtaining a mid-year 2020 stock valuation to take advantage of opportunities afforded by lower valuations such as minimizing taxes on transitions of private bank stock. Not to mention the concerns of potential changes in corporate, personal and estate tax rates in the future. Please contact us if we can be of service to you in any way during this transitional 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 me at (512) 703-1561 or email@example.com.