D.A. Davidson has hired two veteran dealmakers in Chicago to get ready for an anticipated pickup in Midwestern bank mergers, an official with the firm says.

"We have been actively expanding our franchise further east," says Rory McKinney, the head of the bank advisory practice at D.A. Davidson, a Portland, Ore., investment bank. "There are obviously a lot more banks out west. There is going to be continued consolidation [though] we don't think it is going to happen overnight."

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