The dollar value of banking industry mergers and acquisitions soared 61% during the first half of 1995, as the combined prices of announced deals topped $18.4 billion, according to SNL Securities.

The bulk of the rise was due to a few megadeals, as large, strategic transactions dominated the scene, rather than the small, tactical "fill-in" acquisitions seen last year.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.