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Texas Reprises Its Role as A Leader in Banking M&A.

Authors :
Monks, Matthew
Source :
American Banker; 6/20/2012, Vol. 177 Issue 95, p1-2, 2p, 1 Chart, 1 Graph
Publication Year :
2012

Abstract

The article discusses bank mergers and acquisitions (M&A) in Texas, which according to a Sheshunoff investment bank survey have higher M&A prices than anywhere else in the nation. Six Texas deals had median price-to-tangible book values of 206 percent and median deposit premiums of 8.26 percent. Cadence Bancorp's deal for Encore Bancshares and Prosperity Bancshares' deal for American State Financial are noted.

Details

Language :
English
ISSN :
00027561
Volume :
177
Issue :
95
Database :
Complementary Index
Journal :
American Banker
Publication Type :
Periodical
Accession number :
77063161