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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
Presentation Length 1.0 hour

Recorded DateSeptember 24, 2020
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaSpecialized Knowledge
Course LevelBasic
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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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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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. Before 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. AMS’s business model 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.

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.