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  1. Deals Analysis
May 16, 2022updated 11 Jul 2022 4:25am

Financial Services industry M&A deals total $10.3bn in US in April 2021

By Jessika and Carmen

Total financial services industry M&A deals worth $10.3bn were announced in the US in April 2021, with $2.81bn merger of BancorpSouth Bank and Cadence Bancorp being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 47.5% over the previous month of $19.61bn and a rise of 43.5% when compared with the last 12-month average of $7.18bn.

The US held a 67.01% share of the global financial services industry M&A deal value that totalled $15.37bn in April 2021.

In terms of M&A deal activity, the US recorded 90 deals during April 2021, marking a decrease of 6.25% over the previous month and a rise of 5.88% over the 12-month average.

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

The top five financial services industry M&A deals accounted for 84.6% of the overall value during April 2021.

The combined value of the top five financial services M&A deals stood at $8.72bn, against the overall value of $10.3bn recorded for the month.

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

1) $2.81bn merger deal with BancorpSouth Bank and Cadence Bancorp

2) The $2.6bn merger of Flagstar Bancorp and New York Community Bancorp by

3) Independent Bank $1.2bn acquisition deal with Meridian Bancorp

4) The $1.15bn acquisition of East Boston Savings Bank by Rockland Trust

5) Deluxe $960m acquisition deal with First American Payment Systems

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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