Crain's Quotes Pat Oliver on Midsize Bank M&A Activity in 2017
January 31, 2017
On January 29, Pat Oliver was quoted in Crain's Cleveland Business in "Midsize Banks Should Stay Highly Active in M&A in 2017." Pat commented on predictions that general M&A across all sectors should gain ground this year due to lessening pressures from the last economic recession and upcoming expected financial deregulation and tax policy changes. Experts believe that midsize banks, with their stronger currencies and position, may be the most likely to see an increase in deal activity.
"Santa came early," Pat said. "And maybe it's the gift that keeps on giving when you look at some of these stocks up over 20%."
Pat also commented that more banks are seeking to raise capital to support future deals.
"Because people think this is a good time on the M&A front, we have banks very interested in getting capital raised to finance acquisitions."