Mark Warner’s Post

The Australian mutual banking sector has seen a number of recent consolidations in the face of rising competitive pressures and the need for scale. Unlike traditional financial services M&A, these merger transactions typically occur under a facilitative legislative regime (the Financial Sector (Transfer and Restructure) Act 1999 (Cth) and raise particular complexities and legal issues that need to be navigated. In our latest article, we delve into the key issues surrounding customer-owned bank mergers: https://lnkd.in/gYRAztjD Authors: Siobhan Doherty, Haydn Flack, Sarah Park

If you are involved in the banking industry it’s important for you to comment on the proposed updated guideance! There must be competitive balance and less politicization of banking regulation! #corporategovernance #leadership #bankmergers ICBA

Contrary to popular belief, your general counsel, may not be the best choice to represent you in a bank merger. You have a bank to run. There are many moving parts in a merger. If you take your eye off of the bank, the merger may be doomed. The stakes are high. If your general counsel isn't actively, and regularly involved in mergers (buy-side if you're buying, sell-side if you're selling)... You will benefit from a firm that is. As a reminder, I am not a lawyer, an accountant, or an investment banker. Just a banker who has been in your shoes. Highly experienced bank M&A counsel will: 🔸Focus you on the key contract items 🔸Bring you in only when needed 🔸Handle boilerplate items 🔸Consolidate items for max efficiency 🔸Have a "deal knowledge" repository 🔸Point out fees normally paid by others 🔸Push back on invalid info requests Will it cost more? The per hour rate might be higher, but it is more than made up for in efficiency. The cost will end up being about the same. The value will be much higher.

Bank mergers on your mind?   Then please join the Insurance and Financial Services Committee for a webinar on bank mergers on Wednesday, May 1 at 12 pm. Titled Don't Bank on It: Revisiting Bank Mergers?, the webinar will feature panelists Andrew Forman, Deputy Assistant Attorney General for the Antitrust Division, Dr. Maria Eugenia Garibotti, economist at Analysis Group, and Cliff Stanford of Alston & Bird, previously at the Federal Reserve. The panel will be moderated by Keira Campbell and Katrina Robson.   Register here: https://lnkd.in/ey7YeDQi   Description: In June 2023, AAG Kanter outlined DOJ's plan for intensifying bank merger review. The Bank Merger Guidelines -- which have not been updated since 1995 -- would look beyond traditional criteria (e.g., branch overlaps) and place greater emphasis on dominant acquisitions and reductions in competition for customer segments or certain products. How will this approach stack up?  

The Critical Moment in Bank Mergers: Just Before Signing the LOI 🧵 1/6 – Timing is Everything The best time to negotiate is right before you sign the letter of intent (LOI). Your leverage is at its highest here. 2/6 – Know Your Deal Killers Assess whether your requests might kill the deal or if they can be accommodated. 3/6 – Be Prepared for Commitment If your requests are granted, ensure everyone is ready to commit to the next steps. 4/6 – Resist the Easy Path Your natural instinct may be to just agree. Don’t give in—your fiduciary duty demands more. 5/6 – Engage with Your Investment Bankers Plan and role-play scenarios with your bankers to prepare for negotiations. 6/6 – Every Detail Counts Your conversations and clarity now will shape the future of this deal. Don't underestimate this moment! Tomorrow, in my free weekly newsletter "The Savvy Banker" we're going to go a little deeper on the topic of "Bank M&A: How to navigate the grind of the merger agreement closing checklist" Click here to subscribe: https://lnkd.in/gS8ZsFyc ===== I'm not a lawyer, an accountant, or an investment banker. I'm just a banker who has been in your shoes. You can catch my posts on LinkedIn at 7:10am and 4:10pm daily (weekends & holidays too!)

Bank M&A activity is heating up - get ahead of the fair lending implications and check out our article. Many thanks to the American Bankers Association for spotlighting this important issue in the Risk and Compliance Magazine!

While many large banks establish most new branches from scratch, smaller banks find mergers to be the most effective growth strategy. April was the busiest month of announced mergers so far this year. While scrutiny has increased, deals are still being approved. For more banking news and insights, reach out to Ryan Wolf or Luke Sullivan. Ryan Wolf 📞 (972) 755-5207 📧 [email protected] Luke Sullivan 📞 (972) 755-5198 📧 [email protected] #NNN #retail #realestate #investment #investing #commercialrealestate #property #passiveincome #cre #investor #banking 

Time for the return of Private Equity Explore Mergers & Acquisitions in Media with MEDIAtalk. https://on.ft.com/4dheSUg

One would expect the merger arbitrage spread for #capitalone and #discover to be wider than the "typical" bank merger arb spread of 4-7% when closing is relatively certain within 6-9 months. The discount will narrow toward zero as closing approaches or widen when investors increasingly doubt closing will occur (all else equal) as occurred with the terminated TD-FHN deal. As of 3/11 DFS was trading at a ~14% discount to the deal price (or alternatively COF x the 1.0192 ER equated to a ~16% premium), which is not surprising given the politically sensitive nature of the proposed merger and the vocal opposition of Sen. Warren among others. #mergersandacquisitions #financialservices #cof #dfs #federalreserve #tdbank #firsthorizon #mercercapital

Mergers and acquisitions among UK and European banks are set to increase in the coming year as they come under pressure from a combination of lower interest rates, government actions and financial sponsors looking for a way out. Read more here: https://whcs.law/3TAYdDb #whitecase #mergers #acquisitions