While bank merger activity declined by 60%1 in 2020, as compared to 2019, due to several factors including a global pandemic, the banking industry is experiencing a reversing trend in 2021 as bank merger and acquisition activity picks back up.
Primary drivers of mergers tend to revolve around scale, efficiency, and competition within the market. However, as stated in the recently published article, 4 critical areas to understand before your bank’s merger by Rick Hall, additional key factors that should not be overlooked when planning for a successful bank merger include:
For more on these four key factors and the impact on successful mergers, read the full article as recently published in BAI Banking Strategies: 4 critical areas to understand before your bank’s merger by Rick Hall, Managing Director of BKM Marketing’s Banking and Financial Services Practice.
1 https://www.americanbanker.com/news/what-will-drive-bank-m-a-in-2021
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