Growth: To Build or To Buy?
With nearly 70 bank mergers announced year-to-date, M&A activity reached its highest volume in six years, according to S&P Global Market Intelligence.
Christopher Maher, CEO and Chairman of OceanFirst Financial Corp., suggests that, “rather than ‘build versus buy’, the most powerful strategy is a combination of ‘build and buy’.”
Maher suggests that delivering organic growth by strategically entering new geographic markets can be just as beneficial to a bank as an acquisition.
Maher shares some factors to consider at ABA Banking Journal.
“A thoughtful, focused and disciplined approach to entering a new geographic market can be a vital part of the bank’s formula for success.”