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Note: The next SNL Bank M&A Symposium is scheduled for September 28-29, 2010. The material below is from last year's program. To receive information on the 2010 event as it becomes available, click here.
Day One
Registration with continental breakfast opens at 7:30 a.m.
8:30 a.m.
Welcome Remarks
Gregory W. Gartland
Managing Director,
SNL Center for Financial Education |
8:40 a.m.
Keynote Address
H. Rodgin Cohen
Chairman,
Sullivan & Cromwell LLP |
9:20 a.m.
Investment Bankers' Assessments and Predictions
The current state of M&A in the bank industry. Recent valuation multiples and pricing drivers. What are the likely drivers of
M&A in 2010 and thereafter? How can M&A be used strategically in this environment? Capital considerations in deal making. Ways for management to maximize transaction value.
10:40 a.m.
Refreshment Break
11:00 a.m.
Regulation and Stimulus: The Role of the Government in Bank M&A Today
What has been the net effect on bank M&A of the myriad of stimulus programs? How do the lingering impacts of TARP and other programs promote or impede future transactions? What are the benefits and risks of mergers from the regulator's perspective and what are the key hurdles the banks need to overcome to gain regulatory approvals?What will the Obama Administration's proposed changes in the regulatory landscape mean for different bank and thrift operators and their acquisition strategies?
12:30 p.m.
Luncheon and Luncheon Address
Bank M&A: What if?
A veteran research analyst long noted for the strength of her views on the banking industry, Nancy Bush will bring her candor to an independent analysis of how consolidation has affected the industry.
2:00 p.m.
Views from the Top: M&A as a Tool for Addressing Strategic Uncertainty
A discussion of the banking landscape and strategic rationales for deal-making. What should bank leadership be doing to navigate this difficult period? How to be an attractive target to an active buyer. What is the longer- term outlook for the bank sector? How should Board of Directors approach deal-making?
3:30 p.m.
Refreshment Break
3:50 p.m.
Capital Is King: The Role of Private Equity in Bank Transactions
The state of private equity in banking. Key considerations for identifying attractive targets. Changing regulatory requirements and the view on BHC status. The complexities of taking public entities private. After the transaction: operating a bank with PE owners. Lessons learned from key transactions.
5:30 p.m.
Cocktail Reception
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Day Two - Wednesday, October 7th
Continental breakfast opens at 7:30 a.m.
8:30 a.m.
Branch, Asset and FDIC-Assisted Transactions
Capitalizing on opportunities for branch or asset acquisitions and dispositions. Valuing branch versus whole-co deals. Key considerations around distressed deals. Lessons from significant recent transactions. Loss-sharing agreements. Post-deal considerations: retaining customers and deposits.
9:40 a.m.
Refreshment Break
10:00 a.m.
Devil in the Details: Due Diligence and Accounting Considerations
What is the appropriate level of due diligence and scrutiny in this environment? Where should the focus be and what are the leading indicators to identify? What is accurate valuation, how should we evaluate the quality and value of the loan portfolio? Key considerations in merger accounting: fair value, impairment testing, intangibles, expensing advisory fees and other evolving twists and turns.
11:15 a.m.
Refreshment Break
11:30 a.m.
Lessons Learned
Creative deal structuring and legal considerations. Considering minority vs. majority stakes and non-traditional buyers. What are the considerations related to disposing of distressed assets? Best practices for negotiation and tackling social issues. What is the role of the Board and how to best manage the Board? Post-merger-integration considerations during deal design and negotiation.
12:45 p.m.
Closing remarks
Buffet lunch follows. |