10/11/13

Smith Quoted in Columbus Business First Story on Bank M&A Activity

Attorneys & Professionals

Jeffery Smith, a partner in the Vorys Columbus office and a member of the corporate group, was quoted in a Columbus Business First story titled “Huntington/Advantage deal foreshadows quickening bank M&A pace, expert says.”  

The story states:

“Huntington Bancshares Inc.’s agreement to purchase Camco Financial Corp. marks still a rare occurrence in banking these days, but don’t expect that to be the case for much longer, says Jeff Smith, a partner in the corporate practice group at Vorys Sater Seymour and Pease LLP.

‘There’s a lot of conversation out there,’ he said, ‘a lot of dating going on.’

Mergers and acquisitions were virtually nonexistent in Ohio following the recession, with only 16 bank deals from 2008-12. And, though consolidation accelerated in 2012, the value of those deals dropped, according to SNL Financial LC.”

To read the entire story, visit Columbus Business First website.