Education Seminar

2014 Mergers & Acquisitions
Disney's Grand Californian Hotel

The banking industry’s consolidation over the last 30+ years has been dramatic.  According to the FDIC, there were approximately 20,000 U.S. banks and thrifts in 1980, and this number dropped to 6,812 at the end of 2013.  There are a variety of factors that have contributed to this decrease and we see consolidation as the driving force moving forward.

Higher regulatory costs and capital requirements are just two reasons community banks will be forced to join forces to compete more effectively in the future.  This conference will discuss the current M&A environment and critical issues to think about before, during, and after the merger and acquisition process.

Agenda

The program will begin at 8:30 a.m. with breakfast and registration beginning at 7:30 a.m., and lunch around noon. We will conclude by 4:30 p.m.

Among the topics we will cover:

COMMUNITY BANKING PERFORMANCE TRENDS AND M&A UPDATES
As community banks adapt to the new interest rate and regulatory environment, a few key elements have emerged among the high performers. This session examines the performance differences between banks of differing size, loan and provision trends across the industry, the dramatic performance differences for banks with high loan volume, a review of publicly-traded bank valuations which appreciated substantially throughout 2013 and the resulting impact being felt in 2014, and recent local and national merger activity and pricing.

THE M&A SCENE: CRITICAL CHANGES IN M&A ANALYTICS
The recession of 2008 has resulted in paradigm shifts across the entire banking spectrum. The regulatory response, coupled with federally controlled markets, requires a drastic shift in all aspects of bank strategic management. Nowhere is this more important than in the arena of M&A. Yet banks continue to use pre-recession methodologies and analytics to their own detriment. This session will discuss critical analytical changes in the M&A process that must be implemented by banks, not only to avoid grievous errors and win regulatory approvals, but also to maximize their opportunities during the inevitable community banking market consolidation.

REDEFINING COMPENSATION IN AN ERA OF CONSOLIDATION
Mergers have become a big part of the banking landscape. With this new environment, bank directors, C-level executives and others in the banking industry are challenged to better understand the compensation plans of all parties involved in a merger or acquisition. This session will provide insight into the trends impacting compensation in the banking industry and help you better position your bank in order to orchestrate a successful merger or acquisition.     

LOAN PRICING RISK IN AN ACQUISITION – CULTURE AND VALUATION
Due diligence on a loan portfolio is mostly focused on credit risk.  At this historic low point in the rate cycle, interest rate risk could be the bigger threat.  Determining the amount of rate risk involves understanding the risk adjusted value of the loans that you are acquiring.  In addition, when you acquire a bank, you also acquire their pricing culture.  How do you quickly integrate those lenders into your pricing culture?  These two challenges have a big impact on the success of your acquisition.

THINKING ABOUT BUYING AND SELLING?  WHAT YOU NEED TO KNOW.
Consolidation occurring in the industry today is in response to challenges due to the financial crisis and the regulatory and market changes. Success in the M&A market is driven by strategy, and this session will provide an overview of what both buyers and sellers need to know about how to identify a merger partner, considerations important to each side, and keys to negotiating a merger or acquisition.

GETTING YOUR DEAL DONE IN THE CURRENT REGULATORY & SHAREHOLDER ENVIRONMENT: A BANKER’S PERSPECTIVE
This session will focus on the planning, executing, and completing your M&A transaction, with a particular emphasis on obtaining regulatory and stockholder approvals.  This session will provide a practical guide for both management and the board in terms of preparing for your participation in the M&A market, as either a buyer or a seller, and will discuss the current issues and challenges relating to shareholder disclosures, shareholder litigation, shareholder and regulatory approvals, and delivering the intended executive compensation arrangements.

 

Audience

Chief Executive Officers; Chief Financial Officers; Presidents; Bank Directors; Senior Executives and Management.

Scheduled Speakers

  • Aaron Axton, Managing Director, KBW 
  • Kamal Mustafa, Chairman and CEO, Invictus Consulting Group
  • Flynt Gallagher, President, Meyer-Chatfield Compensation Advisors
  • Craig Poms, Chief Delivery Officer, PrecisionLender
  • Peter Weinstock,  Partner, Hunton & Williams
  • James Lokey, Former Chairman, Mission Community Bank
  • Mark Aldrich, Principal, Aldrich & Bonnefin, PLC

Registration Fees

Early-Bird Registration extended through Friday October 17, 2014
CBA Member: $345
Non-Member: $545

Regular Registration
CBA Member: $445
Non-Member: $645

Cancellation & Complaint Resolution Policy

Substitutions are allowed, at no additional cost. Written notice is required for all substitutions/cancellations. The full registration fee will be refunded if written notice is received by October 13, 2014, and 50 percent if by October 20. No refunds will be granted after October 20. Registrations made on or after October 20 are not subject to refund.

If for any reason you are not fully satisfied, please contact Laurie Eaton at (916) 438-4433.

Location Information

November 13, 2014
Disney’s Grand Californian Hotel

1600 S. Disneyland Drive
Anaheim, CA 92802
(714) 635-2300

CBA has arranged a special room rate of $229 per night.  Please click here to make reservations: https://resweb.passkey.com/go/GCCK14C or call (714) 520-5005 by October 13.

Credit Information

Program Level: Update

Prerequisites: None

Advance Preparation: None

Method of Presentation: Group – Live (Lecture, Discussion, and Case Study)

Recommended CPE Credits: 7.0 Hours Maximum
(Estimated 7.0 Specialized Knowledge and Applications)
Sponsored learning activities are measured by program length, with one 50-minute period equal to one CPE credit.  One-half CPE credit increments (equal to 25 minutes) are permitted after the first credit has been earned in a given learning activity.  Please note that not all state boards have adopted this rule.  Some participants may not be able to use one-half credit increments.

Commands