The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Bank acquisitions: TD Bank deal points to recovery

TD Bank expands further into the US banking market; Change in FDIC loss-share means traditional bank M&A could return

 

TD Bank’s spending on acquisitions in the US in the last five years 

The latest sale of failing US banks by the Federal Deposit Insurance Corp points to a return to traditional M&A methods and highlights the system’s improving health, say bankers. In April, TD Bank bought three Florida banks with loss-share agreements with the FDIC that were less attractive than in previous deals. "There is still such a bank-buying frenzy that acquirers are prepared to pay the premiums but these are no longer golden ticket deals," says an M&A adviser who prefers to remain anonymous as he is advising the FDIC on deals. "We expect the changes in deal premiums will lead to traditional unassisted bank M&A," he says.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree