Top Bidders for Failed Banks
Related Stories:Failed Kansas Bank Sues Regulators, Claiming Closure Was Unjust
Why FDIC Lawsuits Against Failed Bank Execs Aren't Slowing
First Financial Deals Add Fuel to M&A Trend
Five Forces That Will Shape Bank M&A in 2014
Banks Eager to Wrap Up FDIC Loss-Share Pacts Early
The Arkansas company, led by George Gleason, is easily the industry’s most-aggressive failed-bank acquirer, having bid on 63 banks since January 2009. It snagged just seven of those banks.
Home, also from Arkansas, has bid on 36 banks through its Centennial Bank. Under the direction of Johnny Allison, Home has won seven bids, though the total includes two banks once owned by the same company.
Talk about versatility. The Chicago-area company, led by Ed Wehmer, has used 12 different banks to bid on 21 failures. Wintrust has been successful nine times.
Led by Daryl Byrd, this Louisiana company has bought four failed banks. Byrd must be a disciplined shopper because Iberiabank has fallen short in 17 other failed-bank auctions.
The Illinois bank, led my Mitch Feiger, eagerly pursued failures — winning six of its 16 bids — before agreeing last year to buy an open bank, Taylor Capital (TAYC).
Talk about effective bidding. The Atlanta company, led by Joseph Evans, has won 12 of the 14 failed bank auctions it has acted on, for an 86% success rate.
Several banks have thrived on failed-bank acquisitions since the financial crisis. Here are the most active shoppers, in terms of the number of failures they have bid on, based on data from SNL Financial.
Law & RegulationNine Countries Where U.S. Banks Have to Be Extra Cautious
National/Regional'Stay Classy, Jamie Dimon': Comments of the Week
Community BankingSmaller Banks and Big 1Q Narratives
National/Regional'All the Advantages, None of the Arbitrary Rejections': Comments of the Week
Community BankingRoot, Root, Root for the Hometown Bank
Community BankingProxy Battles Brewing at Main Street Banks
Law & Regulation'Complexity Has a Way of Creeping Back In': Comments of the Week
Consumer Finance'Launderers Will Keep Having Field Days': Comments of the Week