Total financial services industry M&A deals worth $1.1bn were announced in the US in June 2021, with Allstate’s $300m acquisition of SafeAuto Insurance being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 46.3% over the previous month of $2.03bn and a drop of 70.5% when compared with the last 12-month average of $3.7bn.

The US held a 15.55% share of the global financial services industry M&A deal value that totalled $7.01bn in June 2021.

In terms of M&A deal activity, the US recorded 67 deals during June 2021, marking a decrease of 2.90% over the previous month and a drop of 1.47% over the 12-month average.

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US financial services industry M&A deals in June 2021: Top deals

The top five financial services industry M&A deals accounted for 84.7% of the overall value during June 2021.

The combined value of the top five financial services M&A deals stood at $921.6m, against the overall value of $1.1bn recorded for the month.

The top five financial services industry M&A deals of June 2021 tracked by GlobalData were:

1) Allstate’s $300m acquisition of SafeAuto Insurance

2) The $219m acquisition of County Bancorp by Nicolet National Bank

3) Simmons First National’ $146.3m acquisition of Landmark Community Bank.

4) The $131.6m acquisition of Triumph Bancshares by Simmons First National

5) Mid Penn Bancorp’s acquisition of Riverview Financial for $124.7m.