Merger Strategies [AICPA PowerPoint]

Summary

Douglas Winn spoke at the 2017 AICPA National Conference on Credit Unions on Merger Strategies.

Key topics include:

• The top reasons for mergers, including geographic expansion, broadening and/or diversifying the field of membership, acquiring a state versus Federal charter, diversifying the balance sheet, acquiring specific expertise, improving their technology, lowering costs, fulfilling mission, or keeping a competitor out of the same market.
• Summary of acquiring and merging in credit unions over the past years including size, location and financial performance metrics.
• Highlight of the accounting and regulatory implications of mergers, including the discount on loans and the core deposit intangible.
• Overview of the mergers we have seen that resulted in goodwill or a bargain purchase and why.
• Tips on how to go about the merger including assessing cultural fit and having a “high level” valuation performed in advance.
• Dos and Don’ts and what to watch out for during the merger process.

How Can We Help You?

Founded in 2003, Wilary Winn LLC and its sister company, Wilary Winn Risk Management LLC, provide independent, objective, fee-based advice to over 600 financial institutions located across the country. We provide services for CECL, ALM, Mergers & Acquisitions, Valuation of Loan Servicing and more.