M&A Midyear Report

New charters were once an integral piece of the bank M&A food chain, allowing bankers to start anew after selling their institutions. Do novo banking has all but dried up, and the dearth of startups has made executives hesitant to sell their banks.

Paula Johannsen was the most-active financial adviser at midyear with six mergers under her belt. In a wide-ranging interview, she discusses Florida M&A, compliance delays and the reasoning behind mergers of equals.

Higher capital requirements, sluggish GDP growth and antiquated cost structures are stymying banks’ efforts to boost returns to investors. This will likely lead to a boom in mergers and acquisitions over the next decade, writes Richard J. Parsons.

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