Video: Nature of the competition
Description:
What happens in your market when other banks choose to sell or acquire?
Those decisions can reshape competition for community banks and credit unions. In this clip, Steven Ramirez explains why M&A readiness require leaders to look beyond their own institution.
Transcript
We were discussing this in the context of your institution, right?
What is your institution in its, you know, autonomous action, what does it want to do?
But you know, it occurs to me there’s another dimension here.
You need to also be considering what other banks are doing, right?
So what does it look like in your market when other banks are choosing to sell or choosing to acquire?
What does that mean to the nature of the competition, right?
So the nature of the competition in some of your key markets may be reshaped based on what choices others are making, which has a profound impact on your ability, for example, to remain independent.