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.

“Selling a bank is a complicated process. Many issues need to be taken into consideration. The Bank Advisory Group made the entire process easy to understand and relatively pain free. When it comes to setting up the bidding process, putting the data together for the bid package and negotiating the definitive agreement, The Bank Advisory Group are masters. I highly recommend them to anyone considering selling a bank.”

Kenneth Heiser, Former President and CEO // The First National Bank of Hudson, Woodbury, Minnesota // $400 million total assets