There is no question COVID-19 refocused attention and resources at the beginning of this year. While disruption on this scale makes planning difficult, it can also present opportunities for strategic decision making. COVID-19 may not be going away any time soon, so banks will need to adjust to operating in this new environment. That means considering the role of M&A in your financial institution’s strategic agenda.
Before the crisis, there was emerging a pattern of banks revisiting their future and options regarding the issue of a sale to or consolidation with another Iowa community bank. In these uncertain times, consolidation can create growth and stronger institutions that will endure and emerge from the pandemic.
Mark your calendar today to join Community Bankers of Iowa (CBI) and Dickinson Law on November 4th from 12:00 – 1:15 p.m. for a partner webinar featuring Attorneys Howard Hagen and Amy Plummer and guest speaker Steve Nelson, Managing Director and Co-Head of D. A. Davidson & Co.’s Midwestern bank practice. We’ll examine M&A and the role it can play in your strategic planning moving forward in this new environment.