Brokerage is a key service we offer to banks whose owners need or want to sell. The brokerage process typically consists of the following steps:

• Analyze the financial status of the bank.
• Assess current pricing dynamics in the bank mergers & acquisitions market.
• Estimate a cash, fair-market evaluation range of the outstanding common stock.
• Prepare a bid book.
• List prospective bidders.
• Obtain confidentiality agreements from interested bidders.
• Submit a bid book to each prospective bidder.
• Analyze offers.
• Develop responses or counter-offers.
• Negotiate terms of the letter of intent and/or definitive agreement.
• Negotiate related transaction agreements.
• Work with legal counsel to prepare necessary documents.
• Issue a fairness opinion letter for shareholders.