We are acquiring a bank this year, as stated by 50% of the bankers surveyed in a recent Bank Director survey taken from banks across the US.

This was according to a recent survey of bank CEOs, executives and directors conducted by Bank Director and sponsored by Crowe LLP of banks ranging in size of less than 250 Million in assets to over $10 Billion in assets.

Of the factors most important in the banks future acquisition strategy, 97% stated that Deposit Base would be the key driver in their acquisition strategy and asset size was rated slightly less.

Additionally, 25% said they would target non-depository lines of business to purchase in 2019.

When asked about the bank’s growth strategy, only 14% said that M & A is unlikely.

Below are the reasons indicated for selling a bank if not for the best price for shareholders.

• Miscellaneous reasons                                             31%
• Limited growth opportunities of deposits           28%
• Regulatory Costs                                                        25%
• Keeping Pace with Technology                              22%
• Lack of CEO or executive successors                    21%
• Limited growth opportunities for loans              16%
• Limited access to capital                                         14%
• Lack of talent for the board                                   12%

NOW MAY BE THE BEST TIME TO CONSIDER AN ACQUISITION OR PARTNERSHIP WITH ANOTHER FINANCIAL SERVICES COMPANY.

We can help.  Call us today for a no cost, no obligation discussion about opportunities in the market place.  We have a brief presentation we can share with you, your executive team and board of directors.