Key highlights from recent analysis by S&P Global Market Intelligence include:
- 108 U.S. bank deals worth an aggregate deal value of $13.07 billion announced in 2024 through Oct. 31, surpassing the total deal value of $8.95 billion from 155 deal announcements and $4.15 billion from 98 bank deal announcements in all of 2022 and 2023, respectively.
- October brought the fourth $1 billion-plus US bank deal of 2024 as Atlantic Union Bankshares Corp. announced it would acquire Sandy Spring Bancorp Inc. for $1.60 billion. It is the year’s third-largest deal overall.
- Of the 14 deals announced in October, three involved credit union buyers.
- Forty-two banks in the Midwest have been targeted so far in 2024, making it the most targeted region. Meanwhile, 21 banks headquartered in the Southeast were targeted in the year through Oct. 31, making it the second-most targeted region.
