Skip to main content
SpringerLink
Log in
Palgrave Macmillan

Bank Mergers

Lessons for the Future

  • Book
  • © 2000

Overview

Authors:
  1. Steven I. Davis
    View author publications

    You can also search for this author in PubMed   Google Scholar

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
eBook USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (13 chapters)

  1. Front Matter

    Pages i-x
    Download chapter PDF

  2. The Bank Merger Paradox

    • Steven I. Davis
    Pages 1-9

  3. Strategic Positioning: The Passion for Scale and Scope

    • Steven I. Davis
    Pages 10-19

  4. Cost and Revenue Synergies: The Basis for Increasing Stockholder Value

    • Steven I. Davis
    Pages 20-35

  5. Planning the Merger: The First Hundred Days

    • Steven I. Davis
    Pages 36-50

  6. The Due Diligence Process: Safety Net or Nuisance?

    • Steven I. Davis
    Pages 51-55

  7. Leadership: The Essential Ingredient

    • Steven I. Davis
    Pages 56-64

  8. Selecting and Motivating People

    • Steven I. Davis
    Pages 65-72

  9. Cultural Conflict: The Battle for Hearts and Minds

    • Steven I. Davis
    Pages 73-81

  10. IT Decisions: Everybody’s Problem!

    • Steven I. Davis
    Pages 82-92

  11. The Bank Merger Score Card

    • Steven I. Davis
    Pages 93-100

  12. Case Studies: Specific Lessons for the Future

    • Steven I. Davis
    Pages 101-112

  13. How Banks See the Future

    • Steven I. Davis
    Pages 113-120

  14. Our Own View: Some Guidelines for the Future

    • Steven I. Davis
    Pages 121-142

  15. Back Matter

    Pages 143-191
    Download chapter PDF
Back to top

Keywords

About this book

Despite the wall of evidence that bank mergers add little or no value, investors and management continue to fuel the consolidation wave. This book draws on the actual experience of senior executives in over 30 banks with extensive merger experience to demonstrate how most mergers do in fact fail to meet objectives. It explores in detail the issues of strategic positioning, cost and revenue synergies, due diligence, IT selection and conversion, people selection, cultural conflict, leadership, and the decision-making time frame. It concludes that experienced and determined leadership, significant net cost savings, swift decision-making and the cost of IT integration are key variables for success. It also suggests that the prospect of more cross-border mergers and modest short-term cost savings argues for a new pact between investors and bank management.

Reviews

'A much needed process study on which bank mergers world-wide have succeeded, which ones have failed, and why. Drawing on in-depth interviews, articles, and his wealth of experience as a banker and consultant, Steven Davis provides a rich analysis of the complexities of implementation. He concludes with many lessons on what to do and what not to do that should help future bankers engaged in mergers from making many of the mistakes of their predecessors. That would, indeed, be a welcome development in this industry.' - David Rogers, Professor and Chairman, Management Department, Leonard N.Stern School of Business, New York University

'At a time of enormous change in the banking industry, Steve Davis' comments on both the advantages and pitfalls involved in the current merger mania are well timed. Without being unduly negative, he points out that very few mergers are viewed favourably in the market and gives useful comments on a number of mergers that have occurred. The overall message of the book to CEOs contemplating yet another merger must be caveat emptor.' - Robin Monro-Davies, Group Chief Executive Officer, FITCH IBCA Ltd.

'Ambitious in intent, meticulous in detail and penetrating in analysis, this book moves the discussion on bank mergers up a whole notch. Anyone who is serious about creating a successful merger will benefit from it.' - Sir Brian Pitman, Chairman, Lloyds TSB Group

About the author

Steven I. Davis is a graduate of Amherst College and the Harvard Business School. He has spent his career in finance as a banking executive, management consultant, researcher, author and teacher.

Bibliographic Information

Publish with us

Policies and ethics

Back to top

Search

Navigation