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Mergers & Acquisitions

Stability Through Times of Change

Thoughtful communication management is key to a successful merger or acquisition.

By Alaina Webster, Managing Editor

According to most predictions, merger and acquisition activity is expected to increase in 2018. An article from the Harvard Law School Forum on Corporate Governance and Financial Regulation, Mergers and Acquisitions: 2018 with a Brief Look Back, states, “As a new regulatory environment takes hold, we expect that an increasing number of banks will be let out of the regulatory ‘penalty box’ to pursue acquisitions. An increase in able buyers combined with a more expedited regulatory approval process should spur bank M&A activity.”

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Mergers Gain Momentum

Will this year’s total top 261 in 2017?

By Bill Poquette

A variety of year-end reports remarked on the vigor of bank merger activity in 2017 and generally foresaw the trend continuing over the next few months. Indeed, the pace was picking up as the year wound down.

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Middle-Market Interest in Buying, Selling Sees Significant Increase in 2017

January 24 — Fueled by rising valuations, economic optimism and an ongoing drive to find growth, interest among middle-market companies in both buying and selling has increased significantly in the past year.

According to the seventh annual Citizens Commercial Banking Middle Market M&A Outlook Buyers and sellers agree that the current seller’s market will likely continue, with 56 percent of sellers either currently involved in or open to M&A activity in 2018 (an increase from 48 percent in 2017). Sellers are also more confident, with 35 percent rating themselves “highly confident” that they will complete a deal this year, compared to only 25 percent last year.

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First-Ever Acquisition Of Traditional Banks By A Crypto Platform

January 18 —  AriseBank, the first decentralized banking platform to offer one of the largest cryptocurrency mobile systems in the U.S., announced the completion of the first-ever successful acquisition of two U.S.-based traditional banks by a crypto platform. AriseBank now holds 100 percent of the equity in both KFMC Bank Holding Company, a 100 year-old commercial bank, and TPBG, a 25 year-old investment banking and management firm. Additionally, the company announced doubling its initial ICO goal for its signature cryptocurrency, AriseCoin.

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South Atlantic Bancshares, Inc., to Acquire Atlantic Bancshares, Inc.

December 13 – South Atlantic Bancshares, Inc., parent of South Atlantic Bank, has signed a definitive merger agreement with Atlantic Bancshares, Inc., parent of Atlantic Community Bank, under which South Atlantic will acquire Atlantic Bancshares. The transaction is expected to close by April 30, 2018, and is subject to customary closing conditions, including approval from Atlantic Bancshares’ shareholders and bank regulatory authorities.

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