The new world of bank M&A in the US

Download The new world of bank M&A in the US

Challenges and opportunities in the wake of the financial crisis, July 2009

The current financial crisis has driven significant consolidation in the banking industry creating unique buying opportunities and risks. However, the current crisis differs from previous ones requiring a more sophisticated approach to bank M&A.

Changes in accounting rules, levels of government assistance in deals, the diversity of assets and businesses involved will require investors and acquirers to develop a new "playbook" with new skill sets. Investors and acquirers should recognize that hastily planned and executed transactions can create considerable short and long term risks in this environment.

The attached report provides:

• PwC's point of view on how to plan and execute a successful integration strategy guided by a clear view of the desired long term business model.
• A framework for response that identifies integration best practices, common pitfalls, the key value drivers and a phased approach companies should consider during the integration period.