Merger transactions remained infrequent in April and May but increased slightly in June as deal activity succumbed to the national shutdown for the coronavirus. Sheshunoff advised on two Texas bank transactions which involved stock rather than cash. There is merit to stock mergers in the current environment as both shareholder bases can remain invested and enjoy cost savings while the economy recovers. Finding an appropriate exchange ratio can be done using a consistent and fair methodology. Contact us for more details.
Sheshunoff & Co Investment Banking has compiled a one-page summary of all bank transactions announced in June 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.
Given the collapse in publicly-traded bank stocks, many privately owned banks are opting to get stock valuations as of March 31st 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.
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.