Day Pitney remains committed to providing quality legal counsel, while protecting our clients and employees, and transforming our communities into more just, equal and equitable spaces. For more information, please visit our COVID-19 Resource Center | Racial Justice and Equity Task Force.


In the News Press Release

Need For Tech Emerging As Banking M&A Influencer

Publisher: Law360
March 14, 2019

Mike Rave was quoted in an analysis article, "Need For Tech Emerging As Banking M&A Influencer," published by Law360. The article discusses key considerations contributing to financial institution deal-making, including an increasing focus on technology as well as a lessening of regulatory burdens for regional banks and the desire to have an attractive level of deposits.

"I think that when they raised the stress test ceiling, banks now aren't going to be afraid to go over the $50 billion level. I think there's going to be more larger midmarket mergers and potentially more mergers of equal transactions because of the regulatory market," Rave told Law360. "Another driver is deposits. I think the deposit market is very competitive these days. I think if you're a bank with very solid, low-cost deposits, that will remain a very attractive target for M&A," he added.