Partner: First Niagara Financial Group

    • Partnered with leadership in development of Strategic Blueprint driving FNFG’s transition from a $3.6 billion thrift to a $20 billion integrated financial services company over a five year period with improved operating performance and sustained customer focus
    • Developed M&A strategy and target identification model tailored to client
    • Conducted due diligence and managed integration of 57 National City branches from PNC
    • Conducted due diligence and managed integration of $5.6 billion asset Harleysville National
    • Combined efforts have led to superior performance: $680 million in fresh capital raised over a 7 month period commencing October 2008; early repayment of TARP

Partner: U.S. Bancorp

    • 794% increase in market capitalization (versus 300 percent S&P bank index)
    • ROA up from 1.0 to 2.2%; ROE from 11 to 23%; and efficiency ratio down from 63% to 44%
    • Ranked No. 2 financial institution in the world for shareholder performance over five-year span

Partner: HNBC – $5.5 billion asset bank in affluent suburban Philadelphia

    • Pennsylvania market acquiring $2 billion asset competitor
    • Led physical integration of target
    • Used best practice research to ensure the whole is greater than the sum of its parts
    • Developed forward looking strategy for combined entity

Partner: FirstBank – Second largest bank holding company in Puerto Rico with $19 billion in assets

    • Formulated a strategic plan for the bank in an environment of consolidation
    • Conducted due diligence on strategic targets
    • Identified areas where operating leverage could be achieved
    • Partnered with management to assess deployment of TARP capital

Partner: Bank of Hawaii

    • Contributed $46 million to revenues and reduced operating expenses by $47 million
    • Facilitated loan portfolio and geographic restructuring
    • Helped in divestment of South Pacific to ANZ and French Territories to Caisse Nationale des Caisses d’Epargne

Partner: BankBoston Corporation

    • ROE up from 16 to 24 percent; operations work quality up 50%; loan applications processed 3 times faster; telebanking wait times reduced by 70%; and sales productivity up 40%
    • Revenue impact of $88 million and process cost reduction of $188 million
    • Stock price rose 55% (versus 15% S&P bank index)
    • Merger-of-equals with Fleet Financial Corporation valued at $16 billion and now Bank of America

Partner: Xenith Bank – Seasoned management team starting a commercial bank in the Richmond, VA market

    • Initiated a market and competitive analysis
    • Developed a financial model for their business case
    • Worked with the founders to develop a capital raising strategy