Avoiding IT Issues and Keeping Up with Technology during Mergers & Acquisitions
Merger and acquisition (“M&A”) activity has become very prevalent throughout the community banking industry. Acquiring institutions need to be cognizant of the potential IT difficulties of integrating systems in order to ensure a smooth transition. Planning is of extreme importance as surprises during the integration process can make things difficult. At the same time, institutions can’t let themselves fall behind competitors in terms of technological advances (i.e. mobile banking) to maintain customer satisfaction. For more information or assistance please contact Kevin Dabrieo, Senior, (Kevin.Dabrieo@MarcumLLP.com) and member of Marcum’s Financial Institutions Industry Group.
See attached article entitled “Acquirer’s IT Challenge: Blend in Sellers, Keep Innovation Going” written by Bryan Yurcan at American Banker for more information: http://www.americanbanker.com/news/bank-technology/acquirers-it-challenge-blend-in-sellers-keep-innovation-going-1078119-1.html