Mergers & Acquisitions: Marketplace Update & Accounting Issues Related to FDIC-Assisted Transactions

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The merger and acquisition (M&A) market is constantly evolving.  As the number of problem and failed banks continues to grow, community banks are experiencing more opportunities to expand their markets through the purchase of failed banks and other assets from the FDIC.  This webinar will examine the M&A environment and explore the accounting, regulatory, and tax issues of FDIC-assisted transactions and how they impact Subchapter S banks. 

HIGHLIGHTS

Mergers & Acquisitions Update
•    Review of current M&A environment
•    Historical review of M&A transactional activity
•    Update on deal terms and valuation metrics
•    Current drivers of activity and valuation
•    Where will opportunities be in 2010 and beyond?

FDIC-Assisted Transactions
•    Review of accounting issues for whole bank and branch acquisitions
•    Discussion of FDIC loss-sharing agreements on failed bank acquisitions
•    Initial recording of acquired assets, including problem loans purchased at a discount
•    Subsequent accounting for acquired assets and liabilities

WHY SHOULD YOU PARTICIPATE?
This presentation is a cost-effective way to learn about an important element of every bank’s strategic toolkit and to discover how your bank might benefit from FDIC-assisted transactions.  Even if a merger or acquisition is not something your bank is considering, it’s important to stay abreast of the industry as it continues to consolidate.  There will be no travel costs, no time lost from work, and no one will be required to leave the institution.

WHO SHOULD ATTEND?
This informative session is designed for CEOs, CFOs, presidents, cashiers, community bank shareholders, board members, and other strategic officers of the bank. 

PLEASE NOTE:  Your registration fee allows you to have one telephone connection.  However, as many people as you like may listen from your office speaker phone.  If you register for the webinar, your registration fee also includes one internet connection from a single computer terminal.

ABOUT THE PRESENTERS – Christopher O. Murray & Steve Griffith

Christopher Murray is a Managing Director in the Investment Banking Group with the firm of Sandler, O'Neill + Partners, L.P.  Headquartered in New York with over 250 partners and employees, Sandler O’Neill provides a full range of investment banking, advisory, balance sheet management, brokerage, and research services to financial institutions and their investors.  Mr. Murray is responsible for banks and thrifts in the Southwest and Colorado regions of the United States.  His responsibilities involve merger advisory work, capital raising, and general financial advisory services. He is a frequent speaker at various conferences and seminars for the banking industry.

Steve Griffith is a Partner at Padgett, Stratemann & Co., CPAs, San Antonio and Austin, Texas.  It is one of the largest CPA firms in Texas with 200 personnel.  Steve is a partner on the firm’s Banking Industry Client Service Team, serving over 70 banks throughout Texas.  His specialized areas of expertise are accounting, audit, tax, and regulatory issues for banks, including mergers and acquisitions and strategic planning issues. 

WHAT IS A TELEPHONE/WEBINAR SEMINAR?
This training method allows unlimited listeners on your office speaker phone.  By choosing the webinar option, participants will also be able to view online visuals as the presentation is delivered.  Registrants receive a toll-free number and pass code that will allow entrance to the seminar.  The session will be approximately 90 minutes, including question and answer sessions.  Seminar materials will be sent prior to the broadcast along with hookup instructions.  Your pin number, hookup instructions and handouts will be emailed to you.  You will need the most current version of Adobe Acrobat Reader available free at www.adobe.com.

CAN’T ATTEND THE SCHEDULED TRAINING?  ORDER THE AUDIO/VISUAL CD ROM!
As an added benefit, you may purchase a CD Rom* of this presentation.  The CD includes the original audio/visual presentation, the question and answer sessions, and the handouts.  In addition, you will be able to contact the presenter if you have follow-up questions.  Use this “off-the-shelf” training program for those that could not attend the live seminar and for future training.  AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE.

*CD Rom for PC use only