Bankers eager to boost lending say deposits are becoming increasingly important as interest rates rise and funding costs inch up. The trend has already influenced bank M&A and is expected to continue to do so, bankers and analysts say, as buyers look for targets that are flush with low-cost deposits. "If you have really good core deposits, the greater the value of the whole franchise," Compass Point Research & Trading analyst Laurie Havener Hunsicker said in an interview.
Arvest Bank, the Arkansas-based lender owned by the Walton family of Wal-Mart fame but operated separately from the retail giant, inked its largest acquisition to date, a $391 million deal to take out one of the biggest community banks in the Ozarks region. An Arvest spokesman said the all-cash deal to buy Little Rock, Ark.-based Bear State Financial Inc. was part of the bank's larger strategy of both broadening and deepening its reach in Arkansas and Missouri, in both cities and rural areas.
Hungry for scale and diversity, credit unions are increasingly looking to buy community banks. And more small banks, under pressure from heavy regulations and stiff competition, are viewing credit unions as another viable route as they consider selling. To date in 2017, four banks have agreed to sell to credit unions. That matches the number of such deals announced in all of 2016 and is up from three in all of 2015, according to S&P Global Market Intelligence data.
Muck Rack makes it simple to find people, tweets, or articles that mention any name, keyword, company, hashtag etc. We've compiled this guide to help you make the most of your search.
Selecting a term
Start searching tweets, articles from media outlets, articles mentioned in tweets, journalists'
names, titles and bios with some suggested searches:
Companies or Topics (e.g. iPhone, Microsoft)
Phrases (e.g. "cloud computing") — use quotes to keep the terms together
Twitter handles (e.g. @username) — returns those who have mentioned or replied to
Names (e.g. "David Pogue")
Hashtags (e.g. #sxsw, #london2012)
Bio details (e.g. vegan, Olympics, father)
Muck Rack's Advanced Search allows for many boolean operators.
Find results that mention multiple specified terms, use AND or
+. For example, ensure each result contains both Elon Musk and Mark Zuckerberg by
searching Obama AND Romney or Obama + Romney.
Use the operators OR or , to broaden your search when you'd like either of
multiple terms to appear in results. (This is the default behavior of our search when no operators
are used.) For example, search for democrat OR republican to find results that refer to
Democrats and/or Republicans.
Use NOT or - to subtract results from your search. For
example, searching Disney will yield results about the Walt Disney Company as well as Walt Disney
World Resort. To exclude mentions of Disney World, search for Disney -World or Disney
When using one of these operators with a phrase, enclose it in quotation marks. For example, you can
find results about smartphones excluding Apple's iPhone 4S by searching smartphone -"iPhone
Exact case matching or punctuation
If you're searching for a brand name or keyword that relies on specific punctuation marks or capitalization, you can
find results that match your exact query by adding matchcase: before the keyword you're searching for, like matchcase:E*TRADE .
Use parentheses to separate multiple
boolean phrases. For example, to find journalists talking about having fun in Disney World or
Disneyland, search for ("disney world" OR disneyland) AND fun.
An asterisk can be used to search for any variation of a root word truncated by the asterisk. For example, searching for admin* will return results for administrator, administration, administer, administered, etc.
A near operator is an AND operator where you can control the distance between the words. You can vary the distance the near operation uses by adding a forward slash and number (between 0-99) such as strawberries NEAR/10 "whipped cream", which means the strawberries must exist within 10 words of "whipped cream".