Anyone who has been paying attention to America’s community banking scene for any significant amount of time knows that the industry has been consolidating for decades now.
Hey Phil, do you know why some deals are structured so that the bank holding company merge into the bank, which is then acquired by the CU (a recent case is Catskill Hudson) vs. the slower model that involves liquidation of holding company and possible double-taxation?
The last paragraph sums it up very well - with under-performing being the key word. Lots of bankers that I know differ on what "under-performing" actually means - but as my grandmother used to say "If you have to ask the question, you probably already know the answer"....
Hey Phil, do you know why some deals are structured so that the bank holding company merge into the bank, which is then acquired by the CU (a recent case is Catskill Hudson) vs. the slower model that involves liquidation of holding company and possible double-taxation?
Happy New Years! Thanks for that nice post Phil.
Thank you, Bob! Happy New Year. Looking forward to seeing the next round of CU bank takeovers with you.
I actually shared Mike’s number with an underperforming banker recently! Excellent advice from the Timyan Bank Alert
The last paragraph sums it up very well - with under-performing being the key word. Lots of bankers that I know differ on what "under-performing" actually means - but as my grandmother used to say "If you have to ask the question, you probably already know the answer"....
Thanks Phil - spot on as always.
Thank you, Zirkle! Your grandmother was a wise lady.
Happy New Year!