The banking industry is experiencing a dramatic surge in mergers and acquisition activity. Fifth Third Bancorp (Nasdaq: FITB)‘s $10.9 billion acquisition of Comerica, PNC Financial Services Group (NYSE: PNC)‘s $4.1 billion purchase of FirstBank and the $8.6 billion merger between Pinnacle Financial Partners (Nasdaq: PNFP) and Synovus Financial (NYSE: SNV) signal that consolidation has returned with force. Interest among top U.S. banks in pursuing acquisitions has surged in recent years, creating the most active deal environment we’ve seen in quite some time.
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