Travillian

M&A was a big topic of conference at our NEXT Forum... here's a few deals that were announced earlier this week:

That's a wrap on Travillian's first Next Forum! We had an educational (and fun) day in Atlantic City yesterday capped off by inspiring comments by boxing legend Sugar Ray Leonard (some of Travillian team pictured with Sugar Ray below) - thanks to our terrific sponsors and co-hosts, Newcleus LLC. We heard from many great panelists, but to try and summarize my top three takeaways, I'd start here: 1) Overall sentiment on banks is improved; we've seen a pick-up in M&A, common equity raises, rising valuations, and better investor engagement (albeit off a very low launch point). But it does appear very fragile with the unknown catalyst being the outcome of the election in November. I'd anticipate a rocky couple of months trading wise although M&A pipelines are clearly very busy based on commentary from Stephens, Piper Sandler and Performance Trust Capital Partners. 2) We spent ample time discussing communication silo's housed within banks and how this can be a challenge from an enterprise risk management perspective. The good news is post SVB / First Republic / Signature Bank; CEO's seem to be keenly aware of this and improving internal communications to help better manage interest rate, credit and other compliance risks wholesitically, to name a few. 3) Embedded banking, BaaS, bank partnerships - however you want to classify it - continues to be under regulatory stress but don't count these banks out. Lots of smart bankers, with very thoughtful approaches and talented teams growing in this space and the moat for entry / success in BaaS is the widest I've seen it probably since 2015/2016. Five years from now we will look back and likely view this regulatory cycle as a turning point with many of the "best" players those that persevered in 2024. Quote of the Conference "I'm too old to be buying green bananas" - Johnny Allison from Home Bancshares on M&A. Reach out to Travillian if you want to learn more; great event - we appreciate everyone who came out!

Scott Hildebrand ended his Travillian Next Forum session with a compelling message about deposit-side banking: "Banks need to decide what they want to be in terms of loyalty and trust. "My dad has enormous loyalty and little trust; my 10-year-old daughter has enormous trust and little loyalty. "To gauge your institution on this continuum, ask your interns why they bank where they bank. Chances are, the decision was made because their parents bank where they bank. Or they were given a gift that was meaningful to them, like a free Spotify subscription."

Further insight from Travillian's Next Forum in Atlantic City. Frank Sorrentino (Mging Dir of Investment Banking, Stephens, Inc.,) on the current merger/acquisition environment: "There is no such thing as a MoE. There has to be a winner. There has to be a quarterback."

The day is finally here! NEXT Forum co-hosted by my firm Travillian and Newcleus LLC is underway at the Borgata Hotel Casino & Spa in Atlantic City, NJ. Kicked off by our MC - Travillian’s Head of Banking & Fintech - Brian Love.

The Travillian Next Form has kicked off with interesting observations from panelist Flynt Gallagher of Newcleus, who notes that Boomer bankers' reluctance to retire is blocking the advancement of newer professionals in the business. "They're stifling advancement," he notes. "The underlings are getting tired of waiting..."

🎲 We're packing up our lucky dice for the 2024 NEXT Forum in Atlantic City! 🎲 ⭐ Don't miss out: On Monday at 10:00am, Kim Snyder will be moderating the "All-In on Tech Efficiencies" session featuring Phil Goldfeder, Jesse Honigberg, Barb MacLean, and Courtney Sacchetti! Join to learn how embracing technology can lead to efficiencies and increased revenue, followed by the chance to engage this all-star panel during a live Q&A! Want to learn more before you go? Here's why banks across the country choose KlariVis as their preferred data analytics partner: https://lnkd.in/eWt-Z94u Amber Robinson Newcleus LLC Travillian #communitybanking #dataanalytics #event

The 2024 NEXT Forum, hosted by Travillian and Newcleus LLC, will take place on September 8-9 at the Borgata Hotel Casino & Spa in Atlantic City, NJ. The forum will bring together top industry leaders for two days of insightful discussions and networking opportunities. 🏦💼🗣️ Bank Leaders! Please click here to inquire about an invitation to this one-of-a-kind event ➡️ https://lnkd.in/emhxDmgh We are excited to introduce our moderator, Michael Perito, Head of Bank Strategy at Travillian, who will be leading the "Running with the High Rollers" investment session.    Additionally, we welcome our esteemed panelists, Joe Fenech, Founder and CIO of GenOpp Capital Management LP, Sundeep Rana, Managing Principal of Castle Creek Capital LLC and David Honold, CFA, Principal of Patriot Financial Partners. #bankingindustry #investmentbanking #2024conferences #atlanticcity

New #communitybank M&A just announced, per our beat reporter, Brian Love.

The 2024 NEXT Forum, hosted by Travillian and Newcleus LLC, will take place on September 8-9 at the Borgata Hotel Casino & Spa in Atlantic City, NJ. The forum will bring together top industry leaders for two days of insightful discussions and networking opportunities.   🏦💼🗣️ Bank Leaders! Please click here to inquire about an invitation to this one-of-a-kind event ➡️ https://lnkd.in/emhxDmgh   We are excited to introduce our moderators, Keith Daly, Principal - Banking & Fintech Search at Travillian, and Jeff Nowicki, Chief Banking Officer at Treasury Prime, who will be leading the "Go Back Three Spaces - Reflecting on the State of Embedded Finance" session. This session will discuss the risks, rewards and current opportunities for community banks pursuing an embedded finance strategy.   Additionally, we welcome our esteemed panelists, Robert Keil, Chief Fintech Officer at FinWise Bank, Emily Reisig, SVP, Emprise Embedded Strategic Relationship Leader at Emprise Bank, and Stanley F. Orszula, Partner at Barack Ferrazzano Kirschbaum & Nagelberg LLP.