With the rash of bank acquisitions/consolidations, the Midwest and Ohio markets are losing valuable capital resources. The following consolidations have either occurred or scheduled to occur in 2016:
- Key Bank to acquire First Niagara
- Capital One acquired the GE Healthcare platform
- Huntington National Bank recently announced their pending acquisition of their competitor, First Merit
- Chemical Bank to merge with Talmer Bank
With change comes uncertainty. Will the new bank offer the same platform? Will you remain a valued client? Will the bankers you have a relationship with make it through the transition? In some cases, both the banks may have exposure with a client, which may result in the successor bank having outstanding loan balances above their threshold.
Perhaps you are midway through a transaction with bank who is being acquired – is there now new risk associated with closing? Will you be satisfied with the relationship you envisioned, that will now be with the new bank, post-closing?
Capital Pointe is currently working with several clients that now need to change course. The good news is that Capital Pointe has a deep network of capital resources and we can work quickly to help you assess your situation, and bring alternative solutions to the table. Our network of banks are seeking financing opportunities for development/construction, refinancing, acquisition, bridge-to-HUD, recapitalization, and AR lines. Capital Pointe handles transactions ranging from $5MM – $150MM+. On the larger transactions, we bring both the lead bank and participant banks to the transaction, saving our clients syndication fees.
Capital Pointe has an extensive track record with proven results. Please feel free to reach out to discuss your financing needs or concerns.