US bank mergers and acquisitions (M&A) had a buoyant April, which saw 16 deals with a combined value of $14.9bn during the month to April 27, according to Refinitiv data. Total deal value for 2021 to April 27 has already reached $26.3bn, compared with $7.1bn during the same four-month period in 2020.
Among the deals announced in April was Connecticut-based Webster Financial’s acquisition of New York lender Sterling Bancorp in a $5.1bn deal and Mississippi-based BancorpSouth’s acquisition of Texan lender Cadence Bancorp for $2.8bn.
