HTLF’s Post

Today’s announcement of a new bank merger , an all stock deal valued at $2B. This deal will be the second bank merger to run through the revised regulatory framework. Observers will be watching closely for regulatory challenges of the deal. #banks #mergersandacquisitions #regulatoryactions

Engage fi Spotlight This potential merger between PSCU and Co-op Solutions is indicative of ongoing trends across the industry where companies are increasingly looking to consolidate in order to remain competitive in a rapidly evolving market. After speaking with both organizations (kudos to Chuck Fagan and Dean Michaels for their level of open and transparent communication by them personally and both their organizations), it is evident that this merger is driven by the need to achieve economies of scale, accelerate innovation, attain pricing efficiencies, and enhance their member’s experience. However, it can potentially have a notable impact on financial institutions based on fewer choices for partnerships and services in a payments sector that already had very limited options, and at Engage fi we will be closely monitoring the impact on financial institutions from both an advantages and challenges perspective (more on that below from Jennifer Addabbo and I - https://lnkd.in/gQZdURhT). For further insights and advisement on how this industry-shaping merger may affect your credit union, feel free to reach out to me and my team at Engage fi. #engagefi #trustedadvisors #engagefidifference #creditunions #financialinstitutions #payments #fintech #mergersandacquisitions

One of the many great things about our organization is how we skip over rumors and conjecture and go straight to the players for the facts about industry events like what happened earlier this week. Our team of industry experts has its finger on the pulse of all things happening in financial institution payments and technology and brings that insight to our clients as an extended part of their organizations. We make a difference together. From Cards to Digital to Core to Telecom and everything in between, our strategic consultants live and breathe the things that financial institutions need. Please reach out and let’s talk about your organization and how we can help. #strategicpartnerships #financialinstitutions #teamwork #engagefi

Major Merger Announcement: Capital One to Acquire Discover Financial Services Financial for $35.3 Billion in All-Stock Deal! In a significant development, Capital One has unveiled plans to acquire Discover Financial in a monumental all-stock deal valued at $35.3 billion. This merger marks the consolidation of two of the largest credit card companies in the United States. The strategic move aims to reshape the landscape of the credit card industry, combining the strengths and resources of Capital One and Discover Financial. Stay tuned for further details as this transformative merger unfolds. Read More: https://lnkd.in/ds8BAC8r #CapitalOne #DiscoverFinancial #MergerNews #FinancialIndustry #BusinessMergers

After a two-year process, the FTC and DOJ have finalized updates to their joint merger & acquisition guidelines and enforcement practices. The updated guidelines, which include stipulations about market concentration and cutting off entrants to crowded markets, have an added consequence as the 2024 M&A pipeline gets set to kick off. The first page of the report has a quick-read summary of the updates.

Merger activity has often been proceeded by IPO activity. 2023 saw a 15% increase in IPOs (by volume not by dollar value of IPO'd companies). Who thinks we might see increased merger activity in 2024 and 2025?

MBC 2023 End of Message (Delayed Post): End of Year Message for 2023 and the chanting of the way forward for 2024 as the MBC looks at Reflecting on the past, exploring the future and seeking to rationalise its operations through mergers or strategic alliances. Part of the direction for 2024 will include more efforts Connectivity and trade facilitation for economic development. https://lnkd.in/deMd4wvJ

Chuck Fagan (PSCU) and Dean Michaels (Co-op Solutions) sit down with Ronaldo Hardy, MSHRLD, CUDE, CUERME (NACUSO) to discuss why now was the right time for a merger. They discussed what they hope to accomplish in the coming years as a result of this merger, what members can expect moving forward and how they are keeping credit union needs at the heart of it all. Watch or Listen Here: https://lnkd.in/gDFde4sk

Learn what a merger means for your members! Dean Michaels, and Chuck Fagan, recently sat down with Ronaldo Hardy, MSHRLD, CUDE, CUERME to discuss why now was the right time for a merger and how it will benefit credit unions and members moving forward! ⬇