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Spate of M&A among smaller banks grows likely

Tuesday, February 12, 2019   (0 Comments)
Posted by: Amanda Averch
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An imminent round of mergers and acquisitions involving smaller banks appears likely, after a deal between BB&T and SunTrust Banks to form the sixth-largest US bank. An estimated saving of $21 billion from banks' tax bills last year and reports that the Federal Reserve plans a more lenient approach to merger objections and expansion plans are cited as factors.

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