SNL Financial, which is an offering of S&P Global Market Intelligence, has ranked Mercer Capital 15th among national bank & thrift financial firms for announced transaction activity during 2016, both by aggregate deal values and the number of transactions. Mercer Capital advised on six deals valued at $733 million.
Jeff K. Davis, Managing Director of Mercer Capital’s Financial Institutions Group, said, “although the number of transactions announced in 2016 declined modestly from 2015, we were fortunate to help a number of clients execute transactions.” Andy Gibbs, Senior Vice President and head of Mercer Capital’s depository practice, added “consolidation among U.S. banks has been underway for 30 years or so with typically 2-4% of the nation’s banks absorbed each year through M&A other than during periods of economic stress. With elevated share prices for many consolidators, acquisition activity potentially may be robust in 2017.”
In addition to serving as managing director of Mercer Capital’s financial institutions group, Davis 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. SNL Financial is a news, data, and analysis provider, offering coverage of the financial services, real estate, energy, and media and communications sectors.
Mercer Capital is a leading independent valuation and transaction advisory firm that serves privately- and publicly-held financial institutions, non-financial businesses, private equity and credit funds, family offices, high net worth individuals and government agencies. The company was founded in 1982. Financial institutions represent the largest practice segment, accounting for roughly half of the firm’s engagements each year.