Matt Gambs is very familiar with the community banking realm – he’s been in it for more than 23 years and has worked every angle of the business, starting as a teller and working his way up to President and CEO of two different community banks in the Chicago metro area: BB&T Bancorp and Diamond Bank. He led both banks through successful acquisitions before landing at his current role with Wintrust Financial.
0:00 – 0:53 Summary of Matt Gambs 23+ year career progression in community banking
0:54 – 3:44 Discussing growth of BB&T between company inception and becoming CEO in 2004
3:45 – 6:47 The process of deciding to sell BB&T and selecting an advisor
6:48 – 8:24 How buyers’ proposals were evaluated against goals for stockholders
8:25 – 11:24 The selection process for comparing valuations and choosing the final buyer
11:25 – 13:24 Discussing challenges and realizations as Matt’s first deal of this size
13:25 – 18:02 Dissecting why everyone seems to want to buy a bank and regulatory implications
18:03 – 22:16 Events leading to Matt joining Diamond Bank and its subsequent sale
22:17 – 25:53 The long start-to-finish process of selling Diamond Bank
25:54 – 28:54 Highlights of working with Wintrust on the Diamond Bank deal
28:55 – 33:26 Biggest challenges and lessons learned going through both bank exits
33:27 – 36:25 Comparing shareholder relationships of different sizes
36:26 – 39:34 Craziest thing Matt has seen in all his banking experience
M&A Science by Kison Patel (kison@dealroom.net)
DealRoom: Data Science and AI for M&A (www.dealroom.net)