De Novo Wave Could Follow BB&T-SunTrust Merger

A potential wave of new banks could start after the successful merger between BB&T and SunTrust; regulatory acceptance and markets like Atlanta, North Carolina and Virginia where regional banks overlap could also contribute to more mergers; “I could see some of those folks coming up with the idea of going de novo and swiping up some of their [current] customer base,” Lee Bradley, senior managing director at Community Capital Advisors said to American Banker; there was a trend before the financial crisis but that has since changed and while there is appetite for more it remains to be seen is a wave is really coming. Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!