The future of bank M&A took clearer shape in 2013. A certain kind of deal, the merger of equals, rose to the fore and that momentum has carried into 2014. The trend coincides with a change in dealmaking styles. Buyers used to win banks in pricey, unpredictable auctions. Now they have to be friendly masters of the negotiating table, and often have to conduct patient talks over an extended period of time. It all sounds very friendly, but it's hard to do.
Buyers used to win banks in pricey, unpredictable auctions. Now they have to be friendly masters of the negotiating table.
These deals are hard to put together but are well worth it -- if management teams can get through the problems of working together. Sterne Agee's Michael Barry and Daryle DiLascia explain
Mergers and acquisitions have gained steam in early 2014. Here is a rundown of the whole-bank deals, shedding of noncore businesses and swapping of securities so far this year.
Deals involving large community and midsize banks dominated M&A in 2013. The motives and market conditions involved differed dramatically, but all the dealmakers had -- and in some cases still have -- tough questions to answer from regulators, investors and activists.