Joseph Silvia was recently quoted in the S&P Global Market Intelligence article, “Provident-Lakeland unusual deal approval conditions tell cautionary tale.”
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Joseph Silvia was recently quoted in the S&P Global Market Intelligence article, “Provident-Lakeland unusual deal approval conditions tell cautionary tale,” covering the FDIC's approval of Provident Financial Services Inc.'s acquisition of Lakeland Bancorp Inc. Joseph provides his insights on the importance of timeliness and efficiency of the acquirer when complying with conditions of the approval, stating, “Most of the provisions are really to address where the applicant was stronger than the target and/or the target had pointed issues, like an enforcement matter.” Joseph adds, "Because the target has certain challenges, they put these provisions in there so that the acquirer addresses those challenges specifically." To read the article, click here.
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