After an active 2015, with nearly 290 deals announced, don't think for a second that bankers are taking a breather. Executives are looking at ways to build scale, improve their fintech offerings and ensure smooth transitions following acquisitions. Here is a sampling of recent comments about bank consolidation.
Rise of Challenger Banks
Several factors are prompting small banks to merge and bigger banks to downsize. Tom Michaud, CEO of Keefe Bruyette & Woods, told attendees of last week's Acquire or Be Acquired conference in Phoenix that he expects those factors to supercharge growth at 25 high-performing institutions with $5 billion to $50 billion in assets. These "challenger banks" include Bank of the Ozarks, Signature Bank and SVB Financial.