Crain’s quotes Pat Oliver on M&A effect of smaller banks in 2020
On February 2, Pat Oliver was quoted in Crain’s Cleveland Business on bank mergers and acquisitions in the Northeast Ohio market, which in 2020 is likely to involve smaller banks with assets near or under $10 billion.
“I have always advised my clients that on the M&A front, they need to have both an offensive and a defensive strategy in place. When the market shifts as a result of mergers, you need to reassess where you are,” Pat explained. “In this case, I would think the smaller banks may need to focus on smaller or similarly sized community banks to gain market share and position themselves either to go on a buying spree to become a regional bank or at least increase their asset size to the point where one of the smaller regionals would consider them to be an attractive target.”