Transaction Advisory, Financial Services

April 28, 2021

Prepping for a Potentially Big M&A Year in 2021

Barring another recession or material reduction in bank stock valuations in the public markets, M&A activity should improve as 2021 progresses.

However, some boards that would like to sell may have a hard time accepting a lower price versus what was obtainable a couple of years ago.

One way to bridge the bid-ask gap is to consider transactions with more rather than less consideration consisting of the buyer’s common shares. Cash deals “cash-out” shareholders who then reinvest after-tax proceeds. Stock deals allow the target’s shareholders to remain invested in a sector that still trades cheap to longer-term valuations.

This session, presented as part of the 2021 Acquire or Be Acquired Conference sponsored by Bank Director, addresses these issues.

Click here to view the video!

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September 2026 | Core Deposit Intangibles - 2026 Update
Bank Watch: September 2026

Core Deposit Intangibles - 2026 Update

Core deposits may appear as liabilities on a bank’s balance sheet, but stable, low-cost funding relationships can be among its most valuable assets. This article explains the fundamentals of core deposit intangible valuation and examines 2026 trends in CDI values, interest rates, deposit growth, and transaction activity. While CDI values have remained resilient, their outlook will depend on deposit pricing, customer retention, and the path of market rates.
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Mercer Capital to Sponsor and Speak at Bank Director’s 2026 Bank Board Forum
Mercer Capital to Sponsor and Speak at Bank Director’s 2026 Bank Board Forum
Mercer Capital is pleased to sponsor Bank Director’s 2026 Bank Board Forum, taking place September 20 to 23, 2026, at the JW Marriott Austin in Austin, Texas. Jeff Davis and Andy Gibbs will attend and speak on behalf of the firm.The Bank Board Forum brings together bank directors and senior executives from across the country to examine the issues affecting bank leadership, governance, strategy, risk, technology, talent, and growth. This year’s program features main-stage presentations and specialized tracks designed for leaders focused on Audit & Risk, Compensation & Talent, and Governance & Strategy.Davis and Gibbs will present the breakout session “Community Bank 2027 Budget Preview: Opportunities and Challenges.” As boards review proposed budgets for the coming year, the session will examine the industry, strategic, and performance trends shaping the outlook for community banks. Topics will include the financial trends that may continue into 2027, the factors behind the recovery in bank stocks during 2026, the sustainability of that momentum, capital management amid easing capital requirements, and other evolving industry conditions.Jeff Davis, CFA, is Managing Director of Mercer Capital’s Financial Institutions Group. He provides valuation and transaction advisory services to banks and other financial institutions and has extensive experience analyzing publicly traded banks and specialty finance companies. Before rejoining Mercer Capital, Jeff spent 13 years as a sell-side analyst and held senior positions with Guggenheim Securities and FTN Equity Capital Markets. He is a frequent speaker at banking industry conferences and regularly presents to boards of directors and executive management teams.Andy Gibbs, CFA, CPA/ABV, is a Senior Vice President and leads Mercer Capital’s Depository Institutions Group. He provides valuation and corporate advisory services to financial institutions for mergers and acquisitions, employee stock ownership plans, corporate planning and reorganizations, financial reporting, and tax-related matters. Andy is a frequent speaker on community bank valuation and is a co-author of The Bank Director’s Valuation Handbook: What Every Director Must Know About Valuation and other books focused on financial institutions.Mercer Capital looks forward to connecting with bank leaders in Austin and contributing its valuation and transaction advisory perspective to the discussion about the opportunities and challenges facing community banks in 2027. Additional information is available on the Bank Board Forum conference website: https://www.bankdirector.com/event/bank-board-forum-2026/
Middle Market Transaction Update Fall 2026
Middle Market Transaction Update Fall 2026
During the second quarter of 2026, deal volume and average pricing in middle market M&A was relatively stable compared to prior quarters’ activity.
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