Episode Details

What happens during a bank merger? How does the deal making process start? How does the deal come together? This episode seeks to answer those questions by going behind the scenes with a look at two bank mergers. We examine mergers between QNB Bank and Victory Bank and LINKBANCORP and Burke & Herbert Financial Services Corp. With both M&A examples we consider the ongoing negotiations, the opinion of value, exchange ratio, and fees for investment bankers. This episode examined two articles from S&P Global Market Intelligence (subscription required) titled “QNB raised exchange ratio to secure $41M Victory Bancorp deal” and “LINKBANCORP sought deals with multiple peers before Burke & Herbert merger.”