On Recent Bank Mergers and Acquisitions

Two Thoughts on Recent Bank Mergers and Acquisitions

Earlier this week, American Banker’s Robert Barba wrote that bank M&A could reach an “inflection point”(sorry, paywall). With bank valuations increasing — and asset quality improving — I’m seeing deal premiums make a comeback, along with banks able to pay them.  The title of Robert’s piece caught my attention, as did his look at BB&T’s agreement in early September to buy the $2 billion-asset Bank…

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Just as I did last year, I am taking a break from my regular Friday writing routine to highlight the last few days with our exceptional team.  Admittedly, I try to keep the company stuff to a minimum on About That Ratio; however, I feel it is more-than-ok to pull the curtain back a bit and share my pride and enthusiasm for our dynamic team following our “four year” anniversary.

Yes, the Bank Director name/brand came into being in 1991; however, many of the relationships with our hugely influential audience are the result of our core leadership team’s efforts over the past four years.  So as we celebrated our team’s four-year anniversary on Wednesday (I’ll explain below), I thought to share some  pictures from our time together.

Following the sale of a sister company to the NYSE in 2010, we re-designed our entire business around the information needs of a bank’s leadership team and board.  From a proverbial tiger-team of ten, we now boast a talented team of nineteen men and women that I’m proud to work alongside. Of particular note, congratulations to Joan Susie, one of the co-founders of the company, who takes over the role of Chairman from our largest shareholder, Bill King.  Bill also deserves more than just a tip-of-the-cap for inviting us down to his farm in Leiper’s Fork.  Finally, a BIG-time thank you to everyone for helping with yesterday’s office clear-out.  Demolition begins on our new office space next week!

Aloha Friday!!

Four Years Strong Just as I did last year, I am taking a break from my regular Friday writing routine to highlight the last few days with our exceptional team.  

What Is Your Bank Worth

What Is Your Bank Worth

I’m at a 1909 Neoclassical landmark in San Francisco for Bank Director’s “Valuing the Bank” program.  Setting up shop in the beautiful Ritz-Carlton on Nob Hill is a real treat, as is welcoming a number of bank CEOs, chairmen, CFOs and outside directors to the Bay Area.  Let me share a few of my takeaways from yesterday’s conversations and tee up what’s ahead this morning.

The Ritz-Carlton San Francisco

The Ritz-Carlton San…

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In advance of Washington & Lee’s annual Entrepreneurship Summit

Good morning from the campus of the 9th oldest university in the United States: Washington & Lee. Yes, I am back in Lexington, VA to speak at my alma mater’s 3rd annual Entrepreneurship Summit. So in lieu of my traditional Friday post on banking, today’s column highlights three points (specific to social media) that I will expand upon in a few hours.

W&L

I am fortunate to share today’s stage with a…

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As our editor, Jack Milligan, writes in How One Large Bank Fosters Innovation, “conventional wisdom holds that banks are not very good at innovation — and large banks, with their entrenched bureaucracies and clumsy legacy systems, are probably worst of all. It might then come as a surprise that Bank of New York Mellon Corp. has run a highly successful innovation program that has made a meaningful contribution to the bank’s profitability, and also manages to get most of the company’s 10,000 employees involved in the process.”

Earlier this week, I shared how Declan Denehan, BNY Mellon’s managing director for strategy and innovation, provided his thoughts on staying relevant while engaging with the “startup ecosystem” during Monday’s FinTech Day.  Jack’s article offers a great summation of Declan’s perspectives — and for today’s post, I simply wanted to recap the event as a whole.  The fun for our team started well before the doors opened at 9:00; however, FinTech day kicked off with:

  • A number of video shoots in the NASDAQ studio that we will post to BankDirector.com;
  • Continued with a live-streamed discussion focused on innovation with Declan and me; and
  • Wrapped up with a closing bell ceremony and a lot of great company logos rotating on the exchange’s video board in Times Square.

FinTech Day, a collaboration between Bank Director and NASDAQ OMXattracted over 40 participants from 30 financial technology companies.  For those of you that joined us, I am pleased to share the link to the official photo gallery from the ceremony.  We are happy to send over any that you’d like as our way of saying thank you for joining us.  Simply leave a comment below, reach out via LinkedIn or Twitter and let me know what you’d like.  Below, some of the pictures in the gallery…

Before wishing everyone an Aloha Friday, let me thank the entire Bank Director team — and in particular, Kelsey Weaver, Laura Schield, Michelle King, Mika Moser, Jack Milligan and Joan Susie — for your efforts to make the day a success.  Each of you contributed something special and for that, I am very appreciative and already getting excited for next year (dare we call it FinTech 2.0)!

http://wp.me/p3ajpF-zO As our editor, Jack Milligan, writes in How One Large Bank Fosters Innovation, ”conventional wisdom holds that banks are not very good at innovation — and large banks, with their entrenched bureaucracies and clumsy legacy systems, are probably worst of all.

I just received a few pictures from yesterday’s closing bell ceremony at NASDAQ.  With me is our Publisher, Kelsey Weaver, and executives from various technology companies — both established and just starting up.  Thanks to the entire team at Bank Director; specifically, Mika Moser, Laura Schield, Jack Milligan and Michelle King, for making this year’s FinTech Day a wonderful success!

I’ll have more on FinTech Day — a collaboration between the exchange and Bank Director that celebrates the contributions of financial technology companies to banks in the U.S. — later today along with additional pictures and perhaps a video or two.

Ringing the Closing Bell at NASDAQ I just received a few pictures from yesterday’s closing bell ceremony at NASDAQ.  With me is our Publisher,