S&C and SNL Financial Co-host 2012 Bank M&A Symposium

October 10-11, 2012
New York, New York

On October 10-11, S&C partnered with SNL Financial on the 2012 Bank M&A Symposium, held in New York City. For four consecutive years, S&C and SNL Financial have collaborated on the event, which brings the sector’s most influential executives together with the industry’s top dealmakers to examine expectations and prospects for transactions in the sector. Messrs. Eitel and Menting co-chaired this year’s program. Mr. Cohen gave the keynote address, and Mr. Welshimer was a featured speaker. Messrs. Trevino and Creamer also spoke at the workshop session.

In his keynote, Mr. Cohen spoke about recent regulatory developments affecting the banking industry and the outlook for bank M&A. He discussed how the regulatory environment has created a climate of uncertainty and unpredictability, which has held back bank M&A activity. Mr. Cohen also noted that the regulations related to Dodd-Frank will result in a safer and sounder banking system, but also create an industry with lower returns as new regulations will reduce revenues and raise costs.

New to this year’s symposium, SNL held a pre-conference workshop in which Messrs. Eitel and Menting moderated a session on “Deal Design” that analyzed deal structure and important legal considerations. Also at the symposium, Mr. Menting moderated the panel, “Market Trends, Themes and Outlook,” which addressed strategies for growth in bank M&A, best practices for getting a deal done, recent valuation multiples and pricing, and the industry outlook for 2013. Mr. Eitel moderated two panels, “Executive Perspectives on M&A in Strategic Planning” and “Executing a Successful Transaction.” These panels discussed strategies to maximize opportunities for deal making and key considerations to take into account before and during an M&A transaction. Mr. Welshimer spoke on the panel, “Capital is Always King,” in which the group discussed strategies banks can implement to maintain access to capital and balancing growth versus dilution, as well as ways in which banks can raise capital to support future acquisitions.