UMB Bank’s Post

Did you know that this year marks the 20-year anniversary of JPMorgan Chase & Co. merging with Bank One? This merger played a significant role in expanding our firm's business operations in #Ohio and across the world. Since the merger, we’ve increased the number of Ohio employees by more than 42%, making JPMorgan Chase one of the largest private employers in the state. Check out this latest article where our Chairman and CEO Jamie Dimon reflects on the merger and its importance to the State of Ohio. https://lnkd.in/g4jetEuP 

Fiserv’s Strategic Chess Moves in M&A: An Observer’s Insight As 733Park closely monitors the evolving landscape of financial technology, Fiserv’s recent strategic maneuvers have certainly caught our eye. According to a report by Payments Dive on March 15th, 2024, Fiserv, under the keen guidance of CFO Bob Hau, is actively exploring "tuck-in type" mergers and acquisitions, signaling a savvy approach to expansion in the fintech sector. Over the past four years, Fiserv has invested an impressive $2 billion across 15 transactions, averaging about $150 million per deal. Their acquisition strategy isn’t just about expanding their portfolio; it’s about careful selection and integration, ensuring each acquisition aligns with their broader business objectives. Their largest deal to date? The acquisition of Finxact for $650 million in 2022 significantly bolstered their core banking capabilities. What’s particularly intriguing is Fiserv’s openness to larger, value-accretive opportunities, as noted by Hau. This strategic flexibility is essential in an industry where scale can often dictate market leadership. The potential acquisition of Shift4, discussed in the Payments Dive article, could mark a pivotal expansion of Fiserv’s merchant acquiring capabilities, particularly within the restaurant and hospitality sectors. This would diversify their revenue streams and position them well against the shifting dynamics of retail from physical to online spaces. At 733Park, we view Fiserv’s M&A strategy as a clear indicator of their commitment to not just keeping pace with the industry but leading it. Their methodical approach to acquisitions demonstrates a nuanced understanding of the fintech ecosystem’s complexities and how best to navigate them for sustained growth. #Fiserv #733ParkInsights #FintechMergers #DigitalPaymentSolutions #StrategicAcquisitions #FinanceSectorGrowth #payments #mergersandacquisitions

The number of private-equity exits remains stunted compared with a couple of years ago, but first-quarter activity shows some positive signs for an industry that is running against the clock to return cash to investors.  Home Depot's planned acquisition of building-materials supplier SRS Distribution, disclosed in March, helped push the overall value of U.S. private-equity exits to $62.77 billion in the first quarter, about 16% higher than in the fourth quarter, according to data provider Dealogic. The data includes mergers and acquisitions, initial public offerings and secondary stock offerings.

NEWS OF THE DAY! Empowering Merger: Wayne Savings & Main Street Join Forces for Community Growth – Anticipated Q2 Success!   1.     Wayne Savings Bancshares, Inc. (WAYN) and Main Street Financial Services Corp. (MSWV) announced approval from Regulatory Authorities for their merger. 2.     The merger involves Wayne merging with Main Street, followed by Main Street Bank Corp. merging with Wayne Savings Community Bank. 3.     Approvals were obtained from the Federal Reserve Bank, Federal Deposit Insurance Corp., Ohio Division of Financial Institutions, and West Virginia Board of Banking and Financial Institutions. 4.     Mark Witmer, Executive Chairman of Wayne, expressed satisfaction with the approvals and stated that the merger is progressing as planned. 5.     The anticipated closing of the transaction is in the second quarter. 6.     The merger aims to create a premier community bank offering enhanced products and services while maintaining a focus on superior customer service, personalized financial solutions, and community support. =>Please follow Finplate and stay updated with the latest #mergersandacquisitions news. Thanks in advance. To read the news in detail, click below: https://lnkd.in/gF3i9Jip

Phase 2 begins! SANTA ANA, Calif. and BEVERLY HILLS, Calif., July 25, 2023 (GLOBE NEWSWIRE) -- Banc of California, Inc. (“Banc of California”) (NYSE: BANC) and PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today announced the signing of a definitive agreement pursuant to which the companies will combine in an all-stock merger transaction. Under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, PacWest will merge into Banc of California, and Banc of California, N.A. will merge into Pacific Western Bank. The combined holding company and bank will operate under the Banc of California name and brand following closing of the transaction. Under the terms of the merger agreement, PacWest stockholders will receive 0.6569 of a share of Banc of California common stock for each share of PacWest common stock. Banc of California and PacWest Announce Transformational Merger and $400 Million Equity Raise from Warburg Pincus and Centerbridge | Pacific Western Bank (pacwestbancorp.com)

Capital One's CEO, Richard Fairbank, announced a US$35 billion deal to acquire Discover Financial Services, the largest merger of the year. Despite opposition, Fairbank sees this move as strategic, aiming to create the largest credit card issuer in the US and provide competition to industry leaders. Analysts suggest that this merger could potentially benefit merchants by creating a viable competitor to industry leaders like Visa and Mastercard. Challenges remain, including brand perception issues, but Fairbank plans to emphasize Discover's widespread acceptance and expand internationally. This acquisition draws inspiration from Discover's pioneering business model, setting the stage for Capital One's strategic growth. #MergerandAcquisition #Creditcard #Payments #Growth #Business #Opportunit I Bloomberg I Jenny Surane I Katherine Doherty

Fascinating merger that shows Corporate M&A--a good economic barometer--is alive and well. Fascinating to see how antitrust review proceeds considering that Capital One and Discover are not competitors. https://lnkd.in/gidhiD3q

Amidst the current M&A trend in the #wealthmanagement industry, at Halbert Hargrove, believe it’s crucial to prioritize a people-first approach and cultivate a strong company culture. Our CEO JC Abusaid wrote an op-ed on why #financialplanning firms should resist a merger or acquisition and instead pursue organic growth. To learn more, read his op-ed in WealthManagement.com here: https://lnkd.in/gxw4M9Dp

𝗜𝘀 𝗨𝗦 𝗠&𝗔 𝗯𝗮𝗰𝗸? It is looking promising with some 𝗠𝗘𝗚𝗔𝗗𝗘𝗔𝗟𝗦 announced recently: • Capital One Financial agreeing to buy Discover Financial for $35 billion • Walmart agreed to pay $2.3 billion for smart-TV maker Vizio • Truist Financial sold its Stone Point Capital insurance brokerage to Clayton Dubilier & Rice and co-investors for $15.5 billion The current outlook is looking more promising in comparison to this point last year with $290 billion worth of U.S. deals announced this year, in 1,051 transactions. Last year, at this point, saw $125.6 billion worth. Global mergers and acquisitions are at $455 billion so far, up 57% over 2023. Link to article in the comments below. M&A lawyers; buckle up. It looks like things are back on the up!

🤝 Fintel , a fintech and support services firm serving the UK retail sector, has continued its M&A-driven growth with two strategic acquisitions. ✰ The Huddersfield-headquartered firm has acquired VouchedFor and AKG, marking its third and fourth acquisitions this year, respectively. ✰ Fintel subsidiary Defaqto will draw on its parent company’s resources in order to invest in AKG and support the firm’s distribution. ✰ Fintel’s joint CEO Matt Timmins commented: “VouchedFor and AKG are two market-leading businesses which are highly complementary to our offering and share our vision." -- Link to the full story to follow below 👇 -- Business Sale Report  is your number one UK M&A marketplace. #fintech #finance #deal #acquisition #bsr #mergersandacquisitions