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Survey: Bank M&A Expected to Remain Limited

Survey: Bank M&A Expected to Remain Limited

While many industries - particularly the tech sector - are expecting to see significant upticks in M&A activity this year, the same cannot be said for banks, which are likely to continue the holding pattern that began during the financial crisis.

A new survey conducted by public

While many industries - particularly the tech sector - are expecting to see significant upticks in M&A activity this year, the same cannot be said for banks, which are likely to continue the holding pattern that began during the financial crisis.

A new survey conducted by public accounting and consulting firm Crowe Horwath, which included responses from 225 bank directors, CEOs and those holding other executive jobs, found 48 percent did not anticipate making any acquisitions this year.

Of those who said they would consider an acquisition, 37 percent said they would be interested in a healthy bank, 27 percent said the branches of a healthy bank and 23 percent said a failed bank purchased through the FDIC.

"While activity is occurring, it is at levels well below pre-crisis levels. So far this this year the activity is consistent with the same year-to-date period in 2011," Rick Childs, a director in Crowe's Audit and Financial Advisory practice, said in a release. "We are seeing some opportunistic buying, but buyers are being careful with what they take on."

The results of the survey come as Florida-based BankUnited recently completed its acquisition of Herald National Bank, according to a release from the financial institution. 

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