The recent flood of U.S. regional bank deals may be drying up. After announcing $76 billion in mergers and acquisitions so far this year, the most since 2008, U.S. lenders are now running out of potential partners, according to executives and investment bankers. Fewer buyers exist following takeovers by Citizens Financial Group Inc., PNC Financial Services Group Inc. and M&T Bank Corp. And the small bank acquisition targets that remain aren’t nearly as attractive.
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