When two tiny banks merge to form a slightly less tiny bank, which institution really reaps the efficiencies: the merged entity — or a larger acquirer down the road?

This year, 23 bank deals where the seller had less than $1 billion in assets have been announced. Of those, more than a third involved targets with less than $100 million in assets, with many of them agreeing to sell themselves to similarly sized buyers.

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

Don't have an account? Register for Free Unlimited Access