Better access to capital and bank lending, higher valuations and greater optimism in the economy should make for the continuation of a “very hot” M&A market into next year.
As Old National Bancorp prepares to expand its market presence in Michigan with the acquisition of Founders Financial Corp. in Grand Rapids, executives cite a past deal as generating good volume growth in the state.
Owners who want to sell their businesses need to begin preparing years in advance and plan carefully to do it right, M&A experts say.
Mergers and acquisition activity should remain solid into 2015 as business executives and professionals in the field hold a better view of the U.S. economy, according to an annual survey.
After successfully executing its first-ever merger this summer, Mercantile Bank Corp. remains open to further deals in the future.
As volumes grew during the past year, the U.S. Small Business Administration has again decided to waive fees for loans of less than $150,000 that are made under its primary lending program.
Mark Kolanowski assumes the chairmanship of the Community Bankers of Michigan as consolidation in the industry begins to pick up, driven by the rising costs of complying with federal regulations enacted from the 2008 financial crisis and the current period of “tepid” economic growth.
Venture capital deal flow in Michigan in 2014 lags the pace of investment last year, although a single large investment in the spring has the total amount invested through the third quarter exceeding all of last year.
Creating a vehicle for investors to be able to sell their shares in small businesses could help drive interest in equity crowdfunding in Michigan, although experts say it may take a few years for a viable market to emerge.
Buying a family-owned business requires much more than settling on the right price, mergers and acquisitions professionals say.
Federal regulators hit Lighthouse Title Inc. with a $200,000 fine for what the company’s president says has been a common industry practice that’s now at a “watershed moment.”
National survey results suggest that mergers and acquisitions involving community banks could pick up in the next year or more as institutions cope with growth pressures, high regulatory compliance costs and even “management fatigue.”
Bankers in West Michigan say that in just a few short years, mobile banking through tablet and smartphone apps has grown to become a service that they must offer for customer convenience.
Since the beginning of 2013, several of the West Michigan region’s public companies have been gobbling up acquisitions at a rapid pace. The half-dozen companies below have been among the most active, completing 30 acquisitions with a combined value of more than $12.9 billion over the past 21 months.
When times were tough, West Michigan advisers found deals were scant and there were but a few investments to arrange.
Gordon Lewis worked on his first bank merger 40 years ago as a first-year associate at Warner Norcross & Judd LLP.