De Novo Wave Could Follow BB&T-SunTrust Merger

A potential wave of new banks could start after the successful merger between BB&T and SunTrust; regulatory acceptance and markets like Atlanta, North Carolina and Virginia where regional banks overlap could also contribute to more mergers; “I could see some of those folks coming up with the idea of going de novo and swiping up some of their [current] customer base,” Lee Bradley, senior managing director at Community Capital Advisors said to American Banker; there was a trend before the financial crisis but that has since changed and while there is appetite for more it remains to be seen is a wave is really coming. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments