The One Good Thing About Cincinnati

Let's continue our conversation about... banks.

Dear Fellow Expat:

That roaring sound you hear, zooming past you on the highway…

That’s probably a new Porsche or BMW purchased by an investment banker.

There goes another one… and another.

Seems they’re all getting ahead of themselves. But they’re going to be busy.

Whether it’s activist-defense companies hiring sector specialists in New York… Or a recruiting spree at merger and acquisition (M&A) shops in California…

There are going to be a lot of deals made in the next four years.

As I explained yesterday, the banking sector is ripe for M&A activity after four years of opposition from the U.S. government.

And if I could point to one buyer that will ramp up and create accretive value…

It’s an old friend in Cincinnati.

The Buying Begins

Yesterday we discussed my father in law, Tim Melvin, and his focus on community banks. Community banks are smaller, and they tend to focus on the banking needs of local communities.

If we go up the ladder to the next level of commercial banks, we reach a new tier...