Mergers & Acquisitions
Bank mergers and acquisitions: when scale really pays
US bank deal activity is at a 15-year high. The evidence says scale pays only when technology integration is planned before signing, not after announcement. The report sets out the considerations and practical implications discussed in the article.
- Format
- PDF · 14 pages
- Published
- Published Oct 2026
- Article
- Read the article
What's inside
- 01US bank M&A has recovered, and prices are following volume upward
- 02Scale pays in efficiency, but the gains arrive after closing, not at signing
- 03Markets penalise the acquirer first, so the deal thesis must be explicit
- 04Technology integration decides whether the synergy case is delivered
- 05Synergy plans fail on timing and customer loyalty more than on arithmetic