Throughout 2018, the consolidation of the banking industry has continued. Bankers executed one element of their strategic planning. Some bought. Some sold. Some started new. Was your bank’s strategic planning ready?
As one reviews the results of 2018, there are several take-aways:
The decades-long consolidation of the banking industry continues.
The pace of consolidation has only slightly slowed.
Community banks - in both rural and metropolitan markets - are key participants.
All banks - including Community Banks - should assess the M&A environment and impact on their bank annually in their strategic planning program.
For 2018, the banking industry saw a net reduction in commercial banks totaling 264, or approximately 5 percent. There were no bank failures during the year. Eight de novo banks were up and running. And 272 banks were consolidated through mergers or other activities according to the FDIC data.