Attorneys & Professionals
Jeff Smith, a partner in the Vorys Columbus office and a member of the corporate group, was quoted in a Columbus Business First story titled “M&A: Who's buying in 2016?.” According to the story, many central Ohio businesses have recovered cash reserves and enabled active mergers and acquisitions strategies.
The story states:
“An unpredictable regulatory environment in the banking industry has kept many larger players from taking big M&A risks, however, and has put pressure on smaller institutions to consolidate, leading to a number of mergers and branch acquisitions at mid-level and community banks.
‘Expenses are getting more and more difficult for the smaller banks to deal with, particularly with the regulatory burden, and most aren’t of a size where their income can keep up with that,’ said Jeffery Smith, a partner at Vorys and member of the Ohio Bankers League. ‘You see a lot of the big folks talking to each other, but the big companies haven’t been doing much at all in that area.’”
To read the entire story, visit the Columbus Business First website. (Subscription may be required).