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June 25, 2024

Georgia Bank M&A Off to Fastest Start in 6 Years

S&P Global

Bank deals in Georgia are off to a hot start this year, already surpassing the total number of deals in 2023 within the first half. In a S&P Global article published on June 18, Nelson Mullins Atlanta partner Robert Klingler explains the number of small banks in Georgia make it ripe for out-of-state and credit union buyers.

"Most acquirers aren't going to be interested in doing a deal where they are buying less than 10% of themselves," Klingler said. "You're more likely to be looking at kind of out-of-state buyers filling that need just from a pure asset size perspective."

Klingler advises financial institutions and investors in financial companies on strategic corporate transactions. His practice often involves the implementation of creative solutions to address regulatory, investors, tax, and corporate needs. Klingler has counseled community banks in a number of combinations, including purchasers, sellers, and mergers of equals, as well as branch transactions and asset lift-outs. 

Click here to read the full article.