latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/bank-m-a-2020-deal-tracker-14-deals-announced-in-september-57037182 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Bank M&A 2020 Deal Tracker: 14 deals announced in September

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them


Bank M&A 2020 Deal Tracker: 14 deals announced in September

U.S. banks and thrifts announced 14 deals in September, the highest monthly tally in 2020 after January.

During the first three quarters of this year, the industry saw 81 deal announcements worth an aggregate $7.75 billion, compared to 200 deals worth $47.05 billion over the same period in 2019. The median deal value to tangible common equity ratio for deals announced in 2020 was 134.2%, down from 157.7% in all of 2019.

On Sept. 28, Mattoon, Ill.-based First Mid Bancshares Inc. agreed to acquire all outstanding shares of Columbia, Mo.-based LINCO Bancshares Inc. for $144.9 million at a deal value to tangible common equity ratio of 106.6%.

On Sept. 25, Pittsburgh-based Dollar Mutual Bancorp agreed to acquire Monroeville, Pa.-based Standard AVB Financial Corp. in an all-cash transaction for $158.2 million and a deal value to tangible common equity ratio of 133.4%.

SNL Image

SNL Image

SNL Image

SNL Image

SNL Image

Click here for a list of pending and completed M&A deals announced since Jan. 1, 2010.

READ MORE: Sign up for our weekly coronavirus newsletter here, and read our latest coverage on the crisis here.