Provided by: U.S. Securities and Exchange Commission
Date Added: Sep 2003
Privately held banks are benefiting from big-bank sprawl, picking off customers from their larger brethren with more intimate customer service and strong ties to the community. This article imparts that while bank M&A activity stalled in the past year, investment bankers are eagerly awaiting the deal-making to heat up again. Good news for them, yet it won?t be like the merger-mania days of the late 1990s when deals were written on the back of envelopes. At least that?s what it seemed like given the fast and furious number of bank deals inked during that time. Read out for more information.