American Banker Offers Tips for Community Banks to Acquire Failed Banks
February 23, 2010 at 9:11 pm smalleybank Leave a comment
Today’s American Banker online has an article (available here, subscription required) by Kate Davidson in which she recites tips from community bank officers on how to submit a successful bid package for failed banks. Among the more noteworthy tips for community banks are the following:
- Realize from the outset that small banks are at a competitive disadvantage in the bidding process.
- Track potential targets by monitoring regulatory actions every month.
- Raise capital well before making a bid. It demonstrates stability.
- Target fewer and smaller banks.
- Demonstrate that experienced management will be in charge of the failed bank after the acquisition.
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