WTFC - Bank M&A surges in April most since January 2020

Bank M&A hit the highest level in April with 19 deals announced, the most since January 2020.The total number of deal announcements year-to-date rose to 53 in April, compared to 43 during the same period in 2020, according to S&P Global Market Intelligence. Total deal value for the 2021 bank deals increased to $24.8B from $6.53B during the same period in 2020 and April alone accounted for $13.6B of the total deal value.The bank M&A spree come as regional banks seek to bulk up to compete with larger national counterparts and each other in a low interest rate environment. The biggest bank deals this year so far is  M&T Bank's (MTB) planned acquisition of People's United (PBCT) for $7.6B.Some of the biggest deals announced in April include New York Community Bancorp's (NYCB) plan to acquire Flagstar Bancorp (FBC) for $2.56B and Webster Financial Corp.'s (WBS) merger with Sterling Bancorp (STL). The $5.14B

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Bank M&A surges in April, most since January 2020