Investment Shops Piper Jaffray and Sandler O’Nell + Partners to Merge
Two well known investment banks that frequently work with community banks in New England on M&A and capital raising are merging.
CECL Expected to Have Little Impact on Community Banks’ Reserves
The banking industry has been deeply concerned over the impact CECL would have on total reserves and capital. But after first quarter earnings many New England community banks expect their reserves under CECL will be the same, if not smaller, than under the current incurred model.
Berkshire Bank CEO Departure Possibly Related to Bad Workplace Culture
A new research report from Piper Jaffray suggests that the recent departure of Berkshire Bank CEO Michael Daly might have been related to a “toxic” work culture.
