Has anyone looked at any banks / financial institutions as acquisition targets?

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September 16, 2024

by a searcher from University of California, Los Angeles - UCLA Anderson School of Management in Los Angeles, CA, USA

Has anyone looked at any financial institutions as acquisition targets or aware of any for sale?

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Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
Purchasing Banks and Credit Unions is a highly regulated process. If you are considering doing so, there are a lot of steps you need to go through to be sure you and your team will be qualified to acquire such institutions, and you should likely start those steps prior to seeking opportunities. We also have a Bank consulting division. If you need an introduction to a buy and sell side advisor that specifically works in that industry, please let me know. Again, it is a specialized industry and I don't think you are going to see any Banks or Credit Unions represented here like other small to mid-sized businesses because of that.
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Reply by a professional
from Nirma University in Toronto, ON, Canada
Thanks Luke for tagging ..This would fall under MSB( Money services business ) guidelines which is a highly regulated space .Unfortunately I dont have experience with MSBs however I would recommend to engage with consultancy firm early in process to have a clear road map and understanding of next steps.
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