Financial Services industry M&A deals total $10.3bn in US in April 2021

Total financial services industry M&A deals worth $10.3bn were announced in the US in April 2021, with $2.81bn merger of BancorpSouth Bank and Cadence Bancorp being the sector’s biggest investment, according to GlobalData’s deals database.

The value marked a decrease of 47.5% over the previous month of $19.61bn and a rise of 43.5% when compared with the last 12-month average of $7.18bn.

The US held a 67.01% share of the global financial services industry M&A deal value that totalled $15.37bn in April 2021.

In terms of M&A deal activity, the US recorded 90 deals during April 2021, marking a decrease of 6.25% over the previous month and a rise of 5.88% over the 12-month average.

US financial services industry M&A deals in April 2021: Top deals

The top five financial services industry M&A deals accounted for 84.6% of the overall value during April 2021.

The combined value of the top five financial services M&A deals stood at $8.72bn, against the overall value of $10.3bn recorded for the month.

The top five financial services industry M&A deals of April 2021 tracked by GlobalData were:

1) $2.81bn merger deal with BancorpSouth Bank and Cadence Bancorp

2) The $2.6bn merger of Flagstar Bancorp and New York Community Bancorp by

3) Independent Bank $1.2bn acquisition deal with Meridian Bancorp

4) The $1.15bn acquisition of East Boston Savings Bank by Rockland Trust

5) Deluxe $960m acquisition deal with First American Payment Systems

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