According to a recent article published by Pitchbook, this year has already shown a positive momentum for deal-making in the U.S. banking industry – a trend worth monitoring as it is expected to surge further as the year progresses and U.S. banks (especially those that already have a Canadian presence) may be looking to acquire financial assets and operations north of the border. Most recently, Citizens Business Bank announced that it would acquire Community Bank, pursuant to which Citizens’ total assets will increase from U.S. $878 million to U.S. $12 billion. This acquisition represents one of 19 M&A transactions that have already been announced within the first three months of 2018. Thus far, the trend appears to be acting as a catalyst for other lenders to harness the financial opportunities available by joining forces. In doing so, commercial lenders can increase synergies and strengthen competitiveness for talent retention, customer acquisition and…
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