The Financial Institutions Group of Mercer Capital recently presented a complimentary series of short, topical, and targeted webinars on issues important to your institution in today’s current banking environment. Mercer Capital works with hundreds of depository institutions annually providing a broad range of specialized advisory services to the financial services industry.
Buyers have been leery of acquiring troubled banks in non-assisted deals. With a slowly recovering economy, we take a look at the opportunities and pitfalls or making an acquisition of a “turnaround” bank.
Originally presented Thursday, March 28, 2013
Key issues that we see when banks combine as it relates to valuing and evaluating a combination are reviewed. This is particularly critical when the consideration consists of shares issued by a buyer (or senior merger partner) whose shares are either privately held or are thinly traded.
Originally presented Thursday, February 28, 2013
Our expectations for bank M&A in 2013, which follows a modest pick-up in activity in 2012 vis-à-vis 2011, are presented. Investors are anxious for M&A to increase given the earnings outlook, but seller expectations and regulatory actions are acting as a governor—at least for the now.
Originally presented Tuesday, February 12, 2013
The #1 factor that a buyer controls in determining the return is the price paid. Deals occurring later in a credit cycle tend to entail a higher price and worse outcome for the buyer. We review price and other issues from the buyer’s perspective that we think matter in ensuring a successful merger.
Jeff K. Davis, Managing Director of Mercer Capital’s Financial Institutions Group, will be the featured speaker for each listed webinar. Jeff spent 13 years as a sell-side analyst providing coverage of publicly traded banks and specialty finance companies to institutional investors evaluating common equity and fixed income investment opportunities. Presently, he is an editorial contributor to SNL Financial.
Future topics in the series will include accounting considerations, fairness opinions, case studies, among others.