Time Ripe for Banking Transactions

McGeer, Bonnie; Barba, Robert
April 2010
Mergers & Acquisitions Report;4/5/2010, Vol. 23 Issue 14, p37
This article examines prospects for banking firms' mergers and acquisitions activity (M&A) in 2010. There is a plan by several industry veterans to create new regional banking companies by rolling up failures along with struggling sellers. It notes that the interest in acquiring is gaining momentum this year. In December 2009, Northwest Bancshares Inc. was able to complete the second step of its conversion from a mutual to a publicly traded firm and raised 668 million U.S. dollars. The total value of merger deals in 2009 was 1.38 billion U.S. dollars.


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