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Monday, November 25, 2013

Bank Activity Stirred by Utica Shale Boom

From Columbus Business First:
As consolidation in Ohio’s banking industrypicks up steam, much of that activity will come with oil and gas considerations, saysMichael Voinovich, of investment banking firm Boenning & Scattergood Inc.
Utica-driven mergers and acquisitions activity is in its infancy, he said, but deals by Huntington Bancshares Inc. and CNB Financial Corp. are evidence to the trend.
“In Ohio, for every transaction considered, shale is a part of the conversation,” said Voinovich, who works out of Cleveland for the West Conshohocken, Pa.-based firm.
Read the whole article here. 

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