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May 3, 2017 11:00:00 AM

Do You Know When and Why to Engage an Internal Auditor?

Many company leaders see audit as a task related to compliance, and that’s a fair—if overly simplified—definition for external audit. Once per year, an external auditor will perform an annual examination and issue an objective report regarding the financial statements. This regulated activity has an impact on the reputation and financial health of a business. Internal audit is neither specifically tied to regulation, nor is it a single, time delineated task. It is, however, more vital to the ongoing resilience of the business. The effort is more flexible and tailored to the goals and qualities of the entity, and (if done well) is performed throughout the year to monitor company practices and risks.

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Topics: M&A, Growth

Apr 19, 2017 10:00:00 AM

2017 Bank M&A Survey: What Makes a Successful Acquisition

Despite (or perhaps because of) a turbulent political, economic, and regulatory climate, analyst predictions continue to point to 2017 as an active year for bank M&A transactions. On one side of the coin, it’s because large banks are striving to ‘bulk up’ in the face of regulations. On the other, it’s because small community banks are buckling to shareholder pressures and seeking to exit.

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Topics: M&A, Bank Growth, Hospital Acquisition

Mar 8, 2017 10:00:00 AM

3 Risk and Reward Considerations for a Successful Bank M&A Deal

The past three years have seen healthy M&A activity. 2015 set a record for banking and securities M&A. In 2016, activity slowed slightly in the early part of the year but picked up again in the second half, and concluded strong. With the current post-election uncertainty, an unsettled regulatory landscape, and new capital requirements related to Basel III, however, analysts expect a slight pause.[1]

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Topics: M&A, Risk and Reward

Nov 17, 2015 11:00:00 AM

Why Culture Drives M&A Success

The internal audit function can be a powerful resource for creating competitive advantages and driving growth. It’s relatively intuitive to consider how identifying efficiencies and mitigating risk can aid in the sustainability of an organization. A deeper look at the internal audit (IA) process reveals that it is also incredibly effective for nurturing a strong bank culture during an M&A transaction. 

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Topics: M&A, Culture, Internal Audit

Oct 7, 2015 2:00:00 PM

M&A as a Competitive Advantage for Community Banks

The competitive spirit is a driving force that pushes each of us to reach unimaginable heights. It’s also what makes sports stories so endearing – particularly those where an underdog overcomes great obstacles to win.  I particularly like this quote from Rocky Balboa (Sylvester Stallone) in the movie Rocky: 

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Topics: Community Banking, M&A

Mar 25, 2015 9:32:20 AM

Survival of the Fittest - Key Considerations for Successful M&A

For about nine years, analysts have predicted two game changers for the banking industry – an M&A boom and an interest rate hike. The M&A prophecy came true in 2014, with the highest transaction volume since 2006. Based on year-to-date transaction activity, this trend will continue through 2015. The prevailing factor that’s driving the M&A boom? Growth. Buyers and sellers seem to agree that bigger is better. Survival of the fittest tends to be predicated on asset size. In almost every bank, it seems that leadership is weighing their options – buy or sell. So many variables influence the success of a deal. Besides size, they can include culture, geography, regulatory challenges, cost savings, earnings and (perhaps the most sensitive factor) pricing.

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Topics: Interest Rates, M&A, Growth

Dec 23, 2014 7:58:00 AM

Banking on the Future – Key Considerations for Bank Growth in 2015

2014 saw more than a few big developments in banking, from the launch of Basel III regulations to issues with cyber security and increasing use of big data as a strategic planning tool. Along with new regulations, capital requirements and technology advancements, 2014 saw a proliferation of growth efforts start to reshape the banking landscape.
 
Factors like improved acquisition multiples, robust capital reserves, and a shrinking gap between valuations and actual purchase prices have created an environment that is more favorable to banks pursuing growth through efforts like branch expansion, mergers & acquisitions (M&A) and initial public offerings (IPO).
 
As we look toward 2015, the HORNE team has compiled a few key considerations to help you prepare to act with agility and confidence when opportunity arises.

 

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Topics: Interest Rates, Basel III, IPO, M&A

Oct 9, 2014 12:30:00 PM

Community Banking News Roundup – Basel III, HELOC and Managing your M&A

HORNE believes in taking a windshield view of the future. That means continually gathering and reviewing information and intelligence about key regulation, compliance issues and economic trends that will have an impact on the direction that the banking industry takes going forward. 

From Mergers and Acquisitions (M&A) to the implications of Basel III, to the end of draw period for HELOC borrowers, here are a few of the topics we recommend you keep on your radar, and some of the questions we all should ask as we navigate change and risk.

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Topics: Basel III, HELOC, Federal Reserve, M&A

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