ILS 2019 Second Quarter M&A Review

BIRMINGHAM, Ala. – August 7, 2019 – Integrated Legacy Solutions (ILS), the leading provider of data and image migrations to the financial industry, released its quarterly review of industry merger and acquisition data for the second quarter of 2019. Derived from data provided by the Federal Reserve System, the research quantifies all U.S. bank M&A activity closing in the second quarter of 2019.

The value of the deals announced in 2019 so far dwarfs that of 2018. A large portion of the extensive deal value increase came from the first quarter announcement of BB&T Corp. and Sun Trust Bank’s merger, which is the largest deal since the 2008 recession. This deal helped overall announced deal value in 2019 to surge to over $40 billion compared to just $16 billion in the first half of 2018. As expected, though, deal volume did drop in Q2 of 2019. Even though, deal volume fell 80% compared to that of Q1 if the BB&T/Sun Trust merger is removed from the equation the deal volume was about the same as Q1. While the second quarter did see deal value number drop it still saw a total M&A announced deal value of $7.3 billion. Out of this $7.3 billion commercial and retail banks remained the most active sub-sector accounting for 62% of announced deals in Q2. 

                       To download the entire ILS 2019 Q2 M&A report with charts and tables click: HERE

About Integrated Legacy Solutions Headquartered in Birmingham, Ala., Integrated Legacy Solutions (ILS) provides industry leading technology for image and data migrations to the financial industry. ILS’s leadership team has performed data conversion for thousands of financial institutions over their 20 plus years in the financial industry. ILS has designed innovative ways to migrate data with greater efficiency than other costly and time-consuming methods of data conversion. ILS’s success is focused on 3 key areas; customer service, the business (or conversion) process, and the latest technology to migrate legacy systems quickly with minimal disruption to the client’s production environment.