U.S. bank mergers and acquisitions exceed $ 50 billion for year



With September’s results pushing the tally up, the combined value of U.S. bank M&A deals only exceeded $ 50 billion for the second time in a given year since 2007, said Thursday. S&P Global Market Intelligence. USB from US Bancorp,
+ 0.13%
The $ 8 billion acquisition of MUFG Union Bank NA is currently the largest bank acquisition of 2021. It is also the largest of four US bank mergers and acquisitions over $ 500 million to be announced in September. With 19 mergers and acquisitions deals, September generated a total of $ 12.5 billion in merger deals, bringing the total of US bank mergers and acquisitions to $ 51.9 billion since the beginning of the year. At three months of the year, 2021 has already nearly doubled the total dollar volume of bank mergers and acquisitions to $ 27.8 billion in 2020. In 2019, the combined dollar value of bank mergers and acquisitions was $ 55 billion. dollars, including the $ 28 billion acquisition of SunTrust by BB&T to form Truist TFC,
The median ratio of transaction value to tangible equity for bank acquisitions increased to 152.5% in fiscal 2021 as of September 30, compared to 134.8% for full year 2020 The KBW Nasdaq Bank Index BKX index,
is up 38.3% this year, compared to a 17.1% increase in the S&P 500 SPX,
+ 0.37%.


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