Industry Experts Expect Mergers to Remain Strong Among Banks

Summary

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The word on the street in banking is M&A. In the past few years, the industry has seen consolidation galore, and industry experts expect that to continue.

On Long Island, the latest rumors hold that GreenPoint Financial Corp. plans to put itself on the market. And though the $23 billion company hasn't commented publicly on the issue, it has reportedly hired Lehman Brothers and Keefe Bruyette & Woods to advise it on a possible sale. Six banks have been named as possible buyers: North Fork Bancorp., New York Community Bancorp., HSBC Holdings, Washington Mutual, Sovereign Bancorp. and Wachovia.

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Industry Experts Expect Mergers to Remain Strong Among Banks

Analysts said midsize banks such as Dime Community and Astoria ...

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