Jeff Davis Quoted in American Banker

Jeff K. Davis, CFA, Managing Director of Mercer Capital’s Financial Institutions Group, was recently quoted by American Banker on Canadian Imperial Bank of Commerce‘s continued challenges after their turbulent acquisition of PrivateBancorp

In the article, Difficult deal behind it, CIBC faces even bigger challenges, Jeff comments on the CIBC’s aim of geographic expansion:

Bank acquisitions would make sense, said Jeff Davis, managing director of financial institutions at Mercer Capital. Institutions that would provide meaningful scale would include the $29 billion-asset Associated Banc-Corp in Green Bay, Wis., and the $17.6 billion-asset Chemical Financial in Midland, Michigan…Florida could also make sense if CIBC wants to target vacationing Canadians, Davis said…“I’m sure CIBC didn’t like having to get out their checkbook, but it was a business decision,” Davis at Mercer Capital said. “I’m sure there were some tense moments, but they couldn’t expect Private to just roll over.”

Jeff is a speaker at industry gatherings, including SNL Financial/University of Virginia’s annual analyst training seminar, the ABA, various state banking meetings as well as security industry gatherings. Additionally, he regularly makes presentations to boards of directors and executive management teams. He is periodically quoted in the American Banker, Bloomberg News, and other media outlets. In addition, Jeff is also a regular editorial contributor to S&P Global Market Intelligence, bringing his experienced view to current events shaping the banking and finance industry.

To view Davis’ latest articles, click here.