A Crowe study produced in association with Bank Director.
The bank mergers and acquisition market has been in a state of suspended animation since the financial crisis of 2008-2009. Based on the results of an email survey of independent directors, CEOs and other senior bank executives that was conducted in October 2011 by Bank Director and Crowe Horwath LLP, the outlook for 2012 might not be much better. Of the survey’s approximately 225 respondents, 48 percent said they did not expect to make any type of acquisition—including a healthy bank, a failed bank purchased through the Federal Deposit Insurance Corp. (FDIC), or branches—for the following 12 months, a period that extends into the fourth quarter of this year.