Most billion-dollar community banks have skirted the surge of traditional mergers and acquisitions that has engulfed their smaller peers — until now.
The recently proposed merger between Nara Bancorp Inc. and Center Financial Corp. in Los Angeles marked the second traditional deal this year between community banks that exceeded $1 billion of assets each. The other 80-plus deals announced to date were mostly among banks below the $1 million level, especially on the seller side, according to data from Sandler O'Neill & Partners L.P.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access