February 25, 2014
SNL Financial - The Pipeline
Al Glowasky believes times are changing when it comes to bank M&A. No, the veteran bank investment banker doesn't expect deal activity to spike and hit 2006 levels, when the total aggregate value of U.S. bank and thrift M&A deals was more than 85% higher than it was in 2013, according to SNL data. In fact, Glowasky said the pace to bank M&A could even slow because buyers are changing their due diligence process to spend more time examining earnings and deposits, and this adjustment could lead to potential targets receiving lower valuations than they expect.
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