SandlerO'Neill & Partners LP landed seven third-quarter bank andthrift M&A deals with a total value of $2.58 billion, helping theinvestment bank to top the sector's league tables by deal value and number oftransactions as of Sept. 30.
Sandler O'Neill landed its largest deal by value in thethird quarter when it served as an exclusive financial adviser to , whichagreed to a $1.4 billion sale to F.N.B. Corp. The firm's second largest deal by value wasUnited Bankshares Inc.'sacquisition ofCardinal FinancialCorp., where Sandler O'Neill served as a financial adviser toCardinal Financial.
J.P. MorganSecurities LLC, which is serving as the financial adviser toTIAA Board ofOverseers in the EverBank Financial Corp deal, ranked second by deal value for the yearthrough Sept. 30.
Keefe Bruyette& Woods Inc., a unit of Stifel Financial Corp., ranked second by number of dealsthrough the third quarter. The firm landed the most number of deals in thethird quarter with 11 deals and a total deal value of $1.32 billion. The firmacted as a financial adviser to United Bankshares in the $911 million CardinalFinancial Corp/United Bankshares deal.
Among legal advisers, Wachtell Lipton Rosen & Katzmaintained its first position during 2016 by deal value through three quarters,advising on eight deals in total with a total value of $8.85 billion. Sullivan& Cromwell LLP, which remained in second, advised on the EverBank FinancialCorp/TIAA Board of Overseers deal in the third quarter. However, in the thirdquarter, Davis Polk & Wardwell LLP landed the highest total announced dealvalue with $2.85 billion and three deals.
Luse Gorman PC was involved in the most transactions with 13deals by Sept. 30.
Boenning &Scattergood Inc. continued to lead the rankings for branch deals bydeal value as of Sept. 30, followed by KeyBanc Capital Markets Inc. and . However, the firms didnot land a deal in the third quarter. Bank of America Merrill Lynch, and Sandler O'Neill landed one deal in the third quarter with the highest totaldeposits of $735 million. All three firms advised on 'sacquisition of13 branches from FirstMeritCorp., which was acquired by Huntington Bancshares Inc. in August.