Bank merger-and-acquisition momentum
The 91 bank mergers announced through Nov. 30 had an aggregate deal value of almost $4 billion, down from 144 deals valued at just over $8.2 billion during the same period in 2022, according to S&P Global Market Intelligence.
There were about 160 deals announced in all of 2022, which was down from roughly 200 transactions announced in 2021.
Notwithstanding the overall trend this year, there have been recent signs of momentum. There were slightly more deals announced between July through November — 46 — than in the first six months of the year. What's more, in the fourth quarter, the biggest deal of 2023 — Banc of California's acquisition of PacWest Bancorp —
The following is a snapshot of 2023's biggest deals by price, ranked in ascending order.