New M&A Branch

Checklist From DBSI

Mergers and acquisitions have been big in the banking industry and there is no sign of a slow down. DBSI, the company dedicated to helping financial institutions improve their branch profitability and experience, has come up with a great checklist to help take the pain out of branch changes during the M&A process. Check it out here.

New M&A Data

for Q1 2016

Mergermarket has released its M&A report for the first quarter (Q1) of 2016 for the Midwest, including Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin. A few key findings include:

  • The US Midwest had a mixed start to the year, with 210 deals valued at US$ 87.6bn for Q1 2016. The figures represent a 28.2% decrease in value and a drop of 16 deals from Q1 2015 (US$ 121.9bn, 226 deals). Nevertheless, the quarter achieved a 102.4% increase over Mergermarket’s quarterly historic average for the Midwest (US$ 43.3bn). The region also captured one of its highest percentages of the overall US market share for the quarter on record (since 2001) – 36% of the country’s Q1 2016 total – the third-highest in Mergermarket history.

  • Illinois is the first-place state by both deal value and count amongst the Midwest states with 51 deals worth US$ 45.1bn, representing 51.5% of the region’s total value, and the third-largest quarterly share for the Prairie State since Q3 2007 following Q1 2015 (US$ 90.1bn) and Q4 2012 (US$ 59.8bn).


Take a look at the full report here.

Continuing Education

Breaking News

Subcommittee Conducts

Important SEC Oversight

The Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee held an April 21st hearing with top officials of the Securities and Exchange Commission (SEC) to conduct oversight of their offices and divisions. “During much of the time when Congress has been accused of starving the SEC of the funds it needs to fulfill its mission, its budget has actually quadrupled in the last 15 years. It would be one thing if this four-fold increase in funding coincided with an agency that has become four times as effective. Instead, we are likely to look back at this period as a time when the SEC missed some of the greatest frauds in history, was ill-prepared for the financial crisis of 2008, failed to properly incorporate economic analysis into rulemakings, and, more recently, has often times been complicit in advancing the priorities of special interests,” said Subcommittee Chairman Scott Garrett (R-NJ)

Read more.

CFPB: Half of Online Payday Borrowers Rack Up an Average of $185 in Bank Penalties

Repeat Debit Attempts Add Steep, Hidden Cost for Borrowers Yet Typically Fail to Recover Payments.

The Consumer Financial Protection Bureau (CFPB) has issued a report that found that attempts by online lenders to debit payments from a consumer’s checking account add a steep, hidden cost to online payday loans. Half of online borrowers rack up an average of $185 in bank penalties because at least one debit attempt overdrafts or fails. And one third of those borrowers who get hit with a bank penalty wind up having their account closed involuntarily. The study also found that despite this high cost to consumers, lenders’ repeated debit attempts typically fail to collect payments. Download the report here.

Report: ‘Abusive Tactics’ Pressured Banks to Stop Offering Consumer Loan Product

The FDIC Washington Office used “abusive tactics” and “aggressive and unprecedented efforts” – including pressuring field staff to downgrade examination scores, rejecting underwriting plans and conducting an intrusive examination review – to force banks to stop offering consumers a loan product that is completely legal, according to the FDIC’s Office of Inspector General. Read More.


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