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M&A Strategy and Accounting for Bank Acquisitions by Credit Unions

M&A STRATEGY AND ACCOUNTING FOR BANK ACQUISITIONS BY CREDIT UNIONS

Cost Free
CPE Credits 1.0 hour
CE Credits 0.0 hours
Subject Area Specialized Knowledge
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Course Description

Credit unions acquiring banks is a growing trend in the financial institution space. This course will explore the reasons why a credit union would consider buying a community bank and, vice versa, why a community bank would consider selling to a credit union. We will also discuss the strategic considerations for a credit union to contemplate adding bank acquisitions to their growth strategy. We will also review the transaction structures and their financial ramification. Lastly, the acquisition accounting utilized for these types of transactions will be examined.

Course Objectives:

  • Enable a participant in this course to have a purposeful dialogue on the strategic and financial impacts of a credit union/bank acquisition, with their board, if a corporate accountant, or their credit union and/or bank clients, if a public accountant.

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Managing Director of Skyway Capital Markets in Tampa, Florida. Specializing in credit union/bank acquisitions and credit union issuance of secondary capital. Prior to joining Skyway, Senior Vice President and Chief Financial Officer of Achieva Credit Union (“Achieva”) in Dunedin, Florida, the first credit union to acquire a community bank via merger and the first credit union to acquire a second community bank. President of Achieva Merger Services (“AMS”), a wholly-owned subsidiary of Achieva formed in June 2017. The business model for AMS was to provide merger consulting services to credit unions and community banks interested in mergers with each other. Prior to joining Achieva, thirty-seven years in the banking industry as a C-suite executive, primarily as CFO, with publicly traded banks, privately held banks and a mutual savings bank. During this time involved in multiple mergers and acquisitions on both the buy and sell side, including the first Florida based financial institution to acquire out-of-state financial institutions.

Frequently Asked Questions
  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • Multiple attendees: In order to receive CPE for multiple attendees, ensure that at least one person signs up for the webinar. At the completion of the webinar a proctor form is provided. Alternatively, you may also login to your account following the webinar and click on the MY ACCOUNT button where you will find a link to the proctor letter.
Handout Materials
Presentation Slides
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CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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About Our Presenter

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Skyway Capital Markets, LLC is a privately-held, independent investment bank that provides strategic advice and execution on equity and debt capital raising, mergers and acquisitions, loan sales and asset divestitures, and financial advisory services.