#2864: Reasons Mergers Derail and How to Get Them Back on Track...

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Be sure to watch the entire episode located below the show notes.

Like them or not, credit union mergers are happening and will continue to happen for quite some time. So, if they are going to happen, what are the steps to ensuring all goes well with this complicated venture that brings two organizations together to become one entity -- ultimately benefiting the employees and members of both sides.

Steve Balian, SW&M Partner, stopped by the show to share his insights on reasons why mergers derail -- a take we haven't really addressed before. But Steve didn't stop there. He explains how to get these projects back on track so everybody wins.

Some of the keys to success Steve points out in our talk include:

• The importance of drafting letters of intent is the foundation for a merger. Key areas and pitfalls to be aware of. Different size mergers including merger of peers and merger of equals and things to think about when considering a merger. Deal points, level of details, etc.
• Merger related financial arrangements. The rule and the importance of disclosure and how it can be perceived. Regulator and members. 
• The war to attract and retain talent and lessons learned during the pandemic for mergers. Do you provide a retention bonus, severance?
• Field of membership. Lessons learned recently that can block or make a merger challenging. Field of Membership compatibility is the first stop at NCUA on a merger, when the continuing is a federal charter. What you need to know.

Check it out and let us know your thoughts. And be sure to watch the entire interview below for all the details.

Also, check out the firm's in-person M&A Master Sessions they are hosting later this month:

• April 20, San Jose, CA -- Strategic Growth Opportunities in the Mergers & Acquisitions Space
• April 21, Dana Point, CA -- Strategic Growth Opportunities in the Mergers & Acquisitions Space