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Under the Radar
Virtual Bank Conference Events Where Banks and Investors Come Together to Explore Opportunities
Credit Unions and M&A
Tuesday, December 6
Derek Szot from Piper Sandler will address the following topics:• The history of CU-bank deals• Drivers of CU acquisitions• Deal metrics• Deals that did not go through and why?• Any predictability-what to look for in bank targets?• Are credit union to mutual bank conversions dead?• What is the Liquidation Account for converted mutual targets all about?• Regulatory environment for CU-bank deals
Derek Szot is a managing director in the financial services group at Piper Sandler, and its predecessor Sandler O’Neill.
He provides strategic advice primarily to depository financial institutions throughout United States.Derek has significant experience working with credit unions and mutual savings banks. This includes capital planning within the credit union and mutual structures, the conversion process where merited (including both credit union to mutual and mutual to stock company), and post-conversion capital management strategies.
In addition, Derek has an extensive background in mergers and acquisitions with particular expertise in financial modeling and helping clients assess the impact of various strategic alternatives to their base operations.
Before re-joining Sandler O’Neill in 2004, Szot was co-founder and principal of Y-Merge, which was acquired by SNL Financial (S&P Global). He originally joined Sandler O’Neill in 1993.Szot is a graduate of both the Wharton School of the University of Pennsylvania and Columbia University.
Under the Radar: 2023
Join fellow investors interested in learning about 'Under the Radar' bank investment opportunities for VirtualBankConference.com's 2023 virtual events.
Organized & Facilitated By:
Pendragon Capital Management & Sycamore Analytics LLC
Analyst + Catalyst
President of Sycamore Analytics, an independent investment research firm with expertise in banks and small-cap value opportunities.
President of Pendragon Capital Management Inc., a Registered Investment Advisor with a specialty in bank investments.
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"You are doing what no one else is doing with Virtual Bank Conference events.”
Hedge Fund Founder and Portfolio Manager
"Under the Radar" Conference Details
The Virtual Bank Conference is an opportunity, in a convenient online format, where banks of all sizes can efficiently communicate with current investors and get exposure to new investors and where investors of all types can have direct contact with bank managements.
Banks and investors can make new contacts and exchange ideas and outlooks.
We hope you join us!
Who Should Attend?
Investors Looking for Unexplored Opportunities
Banks Looking to Engage With & Broaden Their Investor Base
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