Meeting Coverage

Are the lights dimming on the industry M&A Dance?

Rising interest rates will slow inflation, but it will reduce spending and “it could cause asset quality problems we don’t currently have,” said Curtis Carpenter of the Hovde Group in a presentation Sunday, the first day of the Acquire or Be Acquired conference in Phoenix. Bank earnings are also likely to suffer as expected higher corporate taxes take hold. [Continue]

Numerous tax changes proposed in Congressional bills

Congressional spending proposals are expected to have fewer adverse impacts for community banks than originally anticipated but still require further evaluation, said Eide Bailly partners Paul Sirek and John Fischer during the Bank Holding Company Association’s annual fall conference.  [Continue]

Community banks’ location, reputation key attractions in M&As

Community bank leaders looking to sell their institutions can create more value through growing organically and by highlighting their location and status as legacy financial institutions, says Kirk Hovde, managing principal and head of investment banking at Hovde Group. Hovde and Curtis Carpenter, Hovde senior managing director, discussed the challenges and opportunities they see in future bank consolidations on Monday during the Bank Holding Company Association Conference in Bloomington, Minn.  [Continue]