ATLANTA, GA - OCTOBER 08: Atlanta Braves fans watch Game Three of the National League Division ... [+]
OBSERVATIONS FROM THE FINTECH SNARK TANK
Bank merger volume was down significantly in 2020 from 2019. What a surprise, eh? According to S&P Global:
“During the first 11 months of this year, the industry saw 100 deal announcements worth an aggregate $21.51 billion, compared with 235 deals worth $54.23 billion over the same period in 2019. The median deal value to tangible common equity ratio for deals announced in 2020 was 130.7%, down from 156.0% in 2019.”
The numbers would have been even more anemic if not for the deals announced in Q4 2020, including PNC/BBVA.
US Bank Deals
The Bank and Fintech Merger Outlook for 2021
What does 2021 hold in store? Here are some of the bank and fintech mergers we’d like to see in 2021:
Bank Mergers
Got any bank or fintech mergers you’d like to see in 2021? Let me know—I might add them here.
