Mergers & Acquisitions names 2021 Top 25 Most Influential Women in Mid-Market M&A, including KBW’s Patricia McJoynt.
Describe a recent accomplishment.
In 2020, my capstone achievement was the $1.8 billion capital raise for Eastern Bancshares (Nasdaq: EBC). After calling on the bank for nearly 20 years, KBW was hired to lead the subscription offering of the mutual to stock conversion for the bank. Working with the KBW all-female conversion team, we executed a flawless transaction, processing over 13,000 orders from the bank’s depositors. The transaction required me to be on-site at the bank for one month during the Covid pandemic, working closely with bank employees and the bank’s customers.
As lead investment banker for the Eastern Bank transaction, it was great to work with the all-woman team within KBW to execute this very large transaction. We worked alongside a bulge-bracket firm who was impressed with our expertise in this specialized offering process.
How are you advancing the state of women?
As a senior woman in banking since the 1980s, I have made it a priority to work with other women in the finance arena. I have mentored young analysts, hired women in a predominantly male-dominated field, and served on the KBW/Stifel recruiting teams to bring women into the field. I was a panelist at Stifel’s Women’s Initiative Network event in New York in 2019.
With 40 years in finance, I know women have come a long way in banking. Yes, boardroom meetings are still dominated by men, but there are more women at the table now than ever before. I often tell younger women not to be discouraged, that progress is being made toward gender diversity, and that there’s a lot of momentum to keep moving things forward on this front.