United Community’s Post

What words do you think of regarding an Employee Engagement Survey? Below are customized donuts with some popular topics (image is small: Advice, Comment, Idea, Opinion, Rating, Response, Results and Survey) As leaders, we can only address issues that we know about and Surveys provide an opportunity to confidentially disclose those concerns. Results from Surveys help us provide the benefits, programs and resources desired by colleagues. At Bank of America, "Being a Great Place to Work" means growing responsibly and sustainably. One way in which that is accomplished is by investing in teammates and driving a culture of diversity / inclusion. When that is successful, it can lead to better service for clients and delivers for communities we live / work. https://lnkd.in/giJg3F3t

Another midwest bank merger only this one is larger. Are mergers becoming fewer and with larger banks? What does it mean to you, your job, your career, your company? ◾ The trends for 2023 for bank and credit union mergers: they were in the Midwest frequently, the acquired bank was under $200MM, the acquiring bank was under $10B, and the acquisition gained access to a new state. 🔷 Has there been one change in M&A for 2024? Are the size of insitutions involved getting larger? The earlier acquisition announcement this year by Capitol One of Discover is now followed by this slightly smaller merger. Wintrust is roughly $57B and Macatawa is roughly $2.7B. POST EDIT: Oh and FIVE (5) credit unions in Illinois announced their decision to merge (see article link in comments). Is this a start of a trend with Super Regional (say over $100B) and larger Regional banks (say over $10B) entering the M&A market as buyers and/or sellers? Will the difficult political environment (see link to post on political pressures against mergers in comments section) enter into these larger mergers being approved? Will credit unions continue to increase their pace of mergers? Do banks under $10B (and their employees) now become targets? Are credit union mergers entering a period like the 1990's was for banks with a big up tick in the number of them? #mergersacquisitionsdivestitures #mergersandacquistions #mergers #bankingindustry #bankingandfinance #banking #creditunions #creditunion #job #career #careerdevelopment

CREDIT DIRECT LIMITED is indeed a Great Workplace. Thank you for helping us build a Community of Great Workplaces in Nigeria. Imagine 50% of companies in Nigeria being Great Workplaces, and the impact on the Nigerian economy. Research shows that companies with high-trust cultures outperform those without by a significant margin. Higher productivity leads to increased business performance, and with that comes more jobs, higher income levels, and a ripple effect of economic stability.

Decoding the IDFC Merger: Implications and Opportunities The recent merger of IDFC Ltd. with IDFC First Bank is a landmark development in India’s financial services sector. This merger aims to create a more comprehensive financial entity that combines strengths in infrastructure financing and retail banking. 📌 Key Highlights: 1. Strategic Rationale: - The merger seeks to enhance operational efficiencies by integrating IDFC’s infrastructure expertise with IDFC First Bank’s innovative banking solutions. - This combination allows for a broader range of services, catering to both retail and corporate clients. 2. Market Positioning: - The merged entity is expected to strengthen its market position, making it a formidable player in the competitive banking landscape. - It aims to leverage synergies to improve customer experience and expand its reach, particularly in underserved regions. 3. Focus on Growth: - The merger aligns with the growing demand for infrastructure development in India, positioning the bank to finance key projects effectively. - Additionally, IDFC First Bank's emphasis on retail banking will drive customer acquisition and loyalty. 4. Record Date and Share Exchange Ratios: - The record date for the merger has been set for October 10, 2024. - The share exchange ratio for the amalgamation of IDFC Limited with IDFC FIRST Bank is set at 155 fully paid-up equity shares of IDFC FIRST Bank (with a face value of Rs 10 each) for every 100 fully paid-up equity shares of IDFC Limited (also with a face value of Rs 10 each). 5. Trade Size: - The merger is expected to create a larger and more liquid entity, enhancing trade size and market capitalization. 6. Regulatory Approvals: - The merger is subject to regulatory clearances, which are critical to ensure compliance with banking norms and protect stakeholder interests. 7. Implications for Stakeholders: - Customers: Expect a wider range of services and enhanced accessibility. - Employees: Opportunities for career growth as the merged entity expands. - Investors: Potential for increased market value as the company aims for greater profitability. Conclusion: The IDFC merger is not just a consolidation; it represents a strategic pivot toward a more integrated financial service model. As this transition unfolds, industry professionals should stay engaged with the changes and explore new opportunities that emerge in this evolving landscape. 𝗟𝗶𝗸𝗲👍this post if you find it insightful. 𝗥𝗲𝗽𝗼𝘀𝘁🔁 this on your feed to spread knowledge. 𝗖𝗼𝗺𝗺𝗲𝗻𝘁💬 your thoughts here below. 𝗙𝗼𝗹𝗹𝗼𝘄 B Saurabh S Rao for more such content. Join the conversation by sharing your taught and questions, and let's level-up together. 🎯 Let’s embrace this transformation and look forward to a more dynamic future in finance! #IDFCMerger #FinancialServices #mergers #learning #knowledge #BankingInnovation #GrowthOpportunities

The size of banks in M&A activity is definitely growing in 2024. Who are the targets for acquisitions in 2024? How does this effect you, your job, your career, your company? 🔸 In February we had Capital One’s purchase of Discover (see link below for details) 🔸 In mid-April we had the Wintrust purchase of Macatawa (see link below for details). 🔸 Now we have UMB’s purchase of Heartland Financial. It is now almost as likely for larger regional banks to be involved mergers as it is smaller banks? While M&A activity is slower in 2024 there are more larger banks involved. The question for your job, career, and company becomes are you the acquirer or the acquired? Is your bank or credit union growing and growing profits? Are you in the right place? Do you have the right talent to grow? #mergersacquisitionsdivestitures #mergersandacquistions #mergers #bankingindustry #banking #banks #creditunions #creditunion #career #job #growth

📢 News from the Banking world.. 🏦 The Cooperative Bank started a consultation to cut around 400 jobs, equivalent to 12% of its workforce ↘ An essential decision as part of their strategic plan, and could lead to a possible merger with Coventry Building Society however nothing has been confirmed... Britain's banking sector is going through a busy period of change with smaller banks joining forces against the Banking giants of: HSBC NatWest Barclays Lloyds Banking Group Nationwide Building Society and Virgin Money UK have agreed terms for merger, which would make them the 2nd largest provider of mortgage and savings products. #banking #bankingnews #redundancies #hrnews

The Winds of Change in Card Payments The potential Capital One-Discover merger may hint at a major shift in consumer finance. This entity could explore new territories beyond today's four-party model by combining capabilities in credit card networks, digital banking, scale issuing, and more. Although similar to Amex's market position, this merger could lead to a more dramatic leveraging of synergies across offerings. The innovation potential is endless, limited only by leadership vision and regulatory receptivity. We may see transformative financial products that redefine consumer banking. Or we may see business as usual. We are excited to see where they take one of America's largest credit card issuers. What are your thoughts on the implications of this deal? Reach us at Datos Insights or [email protected]. #finance #banking #creditcards #fintech #mergers #capitalone #discover #network

Sainsbury's Bank acquired by NatWest! The acquisition of credit cards, loans, and savings accounts from Sainsbury's by NatWest is set to finalize by the end of next year. This development in the UK Banking sector sparks discussions around mid-tier challenger banks and their unique positioning in the market. What sets these challenger banks apart? This move also signals positive prospects for technology and transformation, with significant integration efforts on the horizon. #Banking #Acquisition #UKFinance #technology

James Wilson, Head of M&A and Transactional Risks, examines Nationwide's takeover of Virgin Money and discusses what this deal reveals about M&A in the UK financial sector.     Follow the link below to read James' article in full.   #Mergers #TransactionalRisks

Banking mergers are a hot topic in the world of M&A, but why are we seeing an increase in the number of acquisitions in this sector? Follow the link below to read my article on the recent Nationwide takeover, what this says about a bullish market flush with spare capital and why banking M&A will likely continue to be a prominent trend over the coming year.