James Record Quotes
Citigroup's acquisition of Golden State was an outlier in what was otherwise another slow quarter for bank and thrift mergers. Deal activity, as measured in number of deals, was up modestly from an abysmal first quarter. We expect this trend will continue. 
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Acquisition | Golden | State | Outlier | Slow |
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While bank and thrift deal activity remains depressed, the pace picked up considerably at the end of the quarter. Whether this is the beginning of a resurgence remains to be seen.
- James Record
