Beyond bringing a new bank to town as another exits, Fidelity Bank’s acquisition this month of Bank SNB branches in the area warrants noting mainly because it was one of only a handful of bank mergers and acquisitions in the past year.
Local banks have been far busier trying to poach employees, add services, expand fee-based business, ditch Troubled Asset Relief Program debt, find high-quality loans or expand outside the area. Many local banks remain interested in M&A, but the opportunities have…
Beyond bringing a new bank to town as another exits, Fidelity Bank’s acquisition this month of Bank SNB branches in the area warrants noting mainly because it was one of only a handful of bank mergers and acquisitions in the past year.
Local banks have been far busier trying to poach employees, add services, expand fee-based business, ditch Troubled Asset Relief Program debt, find high-quality loans or expand outside the area. Many local banks remain interested in M&A, but the opportunities have…