Reported 11 months ago
Bank merger-and-acquisition activity in 2024 has seen substantial growth in deal sizes, with the largest deal so far being SouthState Corp.'s $2 billion acquisition of Independent Bank Group. With a total of 54 bank M&A transactions valued at $6.5 billion announced by mid-June, the industry is on track to surpass last year's total deal value. Despite challenges such as regulatory uncertainties and high borrowing costs, bigger banks are actively seeking strategic options for growth and expansion.
Source: YAHOO