Many Banks Overdue for Takeovers

I want to take a look at some of the thrift conversion stocks that were done in the aftermath of the credit crisis. As I mentioned on Thursday, prior to the meltdown, most converted thrifts were bought out less than five years after completing an initial public offering (IPO). On average, about 75% of each year's conversion class was taken over in that period of time. Bank merger-and-acquisition (M&A) activity has slowed as the industry dealt with staggering credit losses and a poor economy.

Now we are seeing wave after wave of new regulations being handed down to the banking industry, so activity has been delayed until the rules of the game are more certain. The thrifts that have come public in the past few years should see a rapid increase in takeover action once M&A activity begins anew....581 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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