Complex Bank Acquisitions | Endurance Advisory Partners

Bank Acquisition Support

Supported both buy and sell side transactions
Assessed investment banks; reviewed/analyzed their recommendations
Developed lists of acquisition targets and/or potential buyers
Due diligence – for both buyers and sellers
- Analyzed credit portfolio, quality of deposit base, funding strategies, technology platforms, operations capabilities, vendors, capital markets risk & effectiveness, and corporate governance
- Identified synergies, risks, priorities, and hidden costs
Provided clients
- Strategic alternatives – assessment and analysis of opportunities
- Regulatory support – presentations, filings, and business plan documents
- Capital raise support – strategic plans, offering memorandums, investor presentations
- Post-Acquisition merger integration or transformation plans

Troubled Bank Acquisitions, FDIC Receiverships, and 363 Bankruptcy Auction Support

Advised investor group on acquisition of distressed community bank
Provided regulatory, operational, and strategic insight alongside buy-side counsel
Assisted with regulatory filings; developed acquisition business plans
Assisted in formation of the Board of Directors and developed governance structure
Led the business and portfolio due diligence process
Completed risk assessment and developed new Statement of Risk Appetite and risk management infrastructure; revised all policies to match current industry best practices
Assessed operational, information technology, and credit risk platforms; made recommendations for improvement
Negotiated new vendor contracts for core technology and digital banking infrastructure

Transformation from Mortgage Company with $8B of Originations to $1.7B Bank

Provided strategic advice from concept to execution, including acquisition negotiations, pricing, and unique escrow solution to address prospective credit risk in acquired bank’s loan portfolio
Completed $40MM capital raise to enable transaction
Developed Acquisition Business Plan; worked closely with external counsel to file all necessary State, FDIC, and regulatory applications/notifications to gain approvals
Developed governance, risk management, technology, compliance, and other policies and procedures necessary to gain regulatory approval
Implemented new funding and liquidity strategy using FHLB advances, digital deposits and institutional cash management to generate funding for combined bank and mortgage operations
Drove mortgage and banking digitization, negotiated new vendor agreements, and onboarded change management team; completed bank technology transformation; implemented 2-year digitization plan for mortgage; outsourced IT infrastructure
Provided leadership throughout the +2-year transformation, with key advisory team members serving as CEO, CRO, CTO, CIO, and CBO

Loan Portfolio Due Diligence on $2B Acquisition

Led third party due diligence assessment
Evaluated collateral value and key credit statistics for commercial real estate loans
Identified and quantified key credit risks
Evaluated and recommended the mark-to-market for all loans in the portfolio

Acquisition of $3B Bank in FDIC Auction