M&A: More Talk than Action
April 24, 2012 2:30 PM
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
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
Image: Michael Chu
Hear the Crickets?
"It remains very quiet."
Kirk Walters, chief financial officer of
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
…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
Image: Bloomberg News
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
Image: Bloomberg News
Key Leaves Door Cracked
"We obviously constantly evaluate our franchise and our opportunities… . And we have always said, 'Never say never.' ...But the mix of our businesses right now for the foreseeable future is where we're positioned."
Beth Mooney, chairman and CEO of
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
