Bank M&A Update: Modernizing bank merger competition, quality deposits, and Credit Unions
The industry is currently seeing a few trends in mergers and acquisitions. Recent M&A transactions suggest that quality deposits are in high demand and commanding a market premium. Acquirers are seeking banks with strong low-cost deposit franchises. Additionally, the FDIC is seeking to modernize the bank M&A process by updating competition analysis. The goal is to overhaul part of the process and make it easier for banks to get deals done. Critics say the proposal does not go far enough, and they would like additional competitors added such as online banks, fintechs, and other nonbank…
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