Mergers and Acquisitions of Financial Institutions Conference

November 30, 2007 to December 1, 2007
L. William Seidman Center
Hove Auditorium A-3125
3501 N. Fairfax Drive
Arlington, Virginia 22226

November 30, 2007 | December 1, 2007

November 30, 2007
7:30 a.m.		Registration and Continental Breakfast
8:00 a.m.		Conference Welcome Robert DeYoung, University of Kansas and Federal Deposit Insurance Corporation, Center for Financial Research
8:15 a.m.		Bank Mergers: Strategies and Tactics Multiple Bank Mergers and Rational Foresight Ethan Cohen-Cole, Federal Reserve Bank of Boston Nick Kraninger, Federal Reserve Bank of Boston Discussant Simon Kwan, Federal Reserve Bank of San Francisco Corporate Governance and Bank Mergers Kristina Minnick, Bentley College Haluk Ünal, University of Maryland Liu Yang, University of California at Los Angeles Discussant Santiago Carbó-Valverde, University of Granada Does Patience Pay? Empirical Testing of the Option to Delay Accepting a Tender Offer in the U.S. Banking Sector Rachel Campbell, Maastricht University Roman Kräussl, University of Amsterdam Discussant Larry Wall, Federal Reserve Bank of Atlanta
10:30 a.m.		Break
11:00 a.m.		Theme Panel Moderator Douglas Evanoff, Federal Reserve Bank of Chicago Panelists Robin Prager, Assistant Director, Research and Statistics, Board of Governors of the Federal Reserve System Bent Vale, Head of Research, Norges Bank Brian R. Sterling, Principal and Head of Investment Banking, Sandler O'Neill and Partners, L.P. James Overdahl, Chief Economist, U.S. Securities and Exchange Commission Fabio Panetta, Head of Economic Outlook and Monetary Policy, Banca d'Italia
12:30 p.m.		Lunch Introduction: Haluk Ünal, University of Maryland and Editor, Journal of Financial Services Research Speaker: Edward Kane, James F. Cleary Professor of Finance, Boston College
2:00 p.m.		Bank Mergers and Lending to Small Businesses Bank Consolidation and Soft Information Acquisition in Small Business Lending Yoshiaki Ogura, Hitotsubashi University Hirofumi Uchida, Wakayama University Discussant Ken Cyree, University of Mississippi Bank Market Structure, Competition, and SME Financing Relationships in European Regions Steve Mercieca, University of Southampton Klaus Schaeck, Cass Business School Simon Wolfe, University of Southampton Discussant Allen Berger, Board of Governors of the Federal Reserve System
3:30 p.m.		Break
4:00 p.m.		Post-Merger Financial Institution Performance Detecting Information Pooling: Evidence from Earnings Forecasts after Brokerage Mergers Serena Ng, Columbia University Matthew Shum, Johns Hopkins University Discussant David Becher, Drexel University M&A Operations and Performance in Banking Elena Beccalli, London School of Economics Pascal Frantz, London School of Economics Discussant Emilia Bonaccorsi di Patti, Banca d'Italia
5:30 p.m.		Reception
6:00 p.m.		Dinner TBA
December 1, 2007
8:00 a.m.		Continental Breakfast
8:30 a.m.		Cross-Border Bank Mergers Cross-Border Bank Acquisitions: Is There a Performance Effect? Ricardo Correa, Board of Governors of the Federal Reserve System Discussant Elijah Brewer, DePaul University International Diversification Gains and Home Bias in Banking Alicia Garcia-Herrero, Bank for International Settlements Francisco Vazquez, International Monetary Fund Discussant Ken Jones, Federal Deposit Insurance Corporation
10:00 a.m.		Break
10:30 a.m.		Causes and Effects of Financial Institution Mergers Consolidation in the U.S. Credit Union Sector: Determinants of Failure and Acquisition John Goddard, University of Wales Donal McKillop, Queen's University of Belfast John Wilson, University of St. Andrews Discussant Robert Adams, Board of Governors of the Federal Reserve System Bank Mergers and the Dynamics of Deposit Interest Rates Ben Craig, Federal Reserve Bank of Cleveland Valeriya Dinger, University of Bonn Discussant Robert Bliss, Wake Forest University
12:00 p.m.		Summary and Closing Comments Philip Molyneux, University of Wales
12:15 p.m.		Informal Lunch Last updated: October 23, 2007