Learning From Successful Integrations
Between 1984 and 2005 the number of U.S. banks declined by approximately 48 percent and,in every year but one, mergers and acquisitions were the single largest contributor to the decline--a trend we do not anticipate slowing down any time soon. When you consider that statistics indicate mergers and acquisitions are executed successfully less than 50 percent of the time, it becomes clear that post-merger integration is a topic that should be given more careful thought in the financial services industry. Past successful integrations offer valuable lessons about avoiding many of the common pitfalls.
There are no guarantees in life and certainly not in the complex world of banking integrations. However, bearing certain key strategies in mind and incorporating them into an integration approach will considerably increase the chances of success.
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