Slideshow M&A: More Talk than Action

Published
  • April 24 2012, 2:30pm EDT
8 Images Total

Still Shopping

"We get shown a lot of stuff. At this point, nothing really seems to make a lot of sense."

Philip B. Flynn, president and CEO of Associated Banc-Corp (ASBC) of Green Bay, Wisc.


Chats, No Commitment

"There is some level of conversation. … But there's still a wide gulf in terms of value, and I don't think activity necessarily picks up in 2012."

Stephen Steinour, chairman and CEO of Huntington Bancshares (HBAN) in Columbus, Ohio
Image: Michael Chu

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Hear the Crickets?

"It remains very quiet."

Kirk Walters, chief financial officer of People's United Financial (PBCT) in Bridgeport, Conn.


Ball In Sellers' Court ...

"You can't schedule acquisitions. I mean, the sellers decide when things happen. I wish I could put them in the order I'd love to have them fall in. But unfortunately, they don't work that way."

Raymond Davis, president and CEO of Umpqua Holdings (UMPQ) of Portland, Ore.


…And They Aren't Serving

"There's still a mismatch out there for a lot of potential bank sellers as to what the realities are [regarding] valuations for banks today versus what they were in 2007."

Russell Goldsmith, president and CEO of City National (CYN) of Los Angeles
Image: Bloomberg News

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Plenty to Do In-House

"What we're looking at right now is really building out the RBC franchise. We've done a good job of building out the National City franchise, but we're not complete yet. ... Executing on those two acquisitions really is by far our biggest opportunity."

James Rohr, chairman and CEO of PNC Financial Services Group (PNC) in Pittsburgh
Image: Bloomberg News


Practice Makes Perfect

"Once you have one [deal] done, you have the experience and are hopefully even better at doing the next one. …I would be disappointed if we don't do more acquisitions over the next year."

Steve Trager, president and CEO of Republic Bancorp in Louisville, Ky.