Overhead cost synergies from M&A? (Middle Office synergies)

I am working on a case study and modeling out a scenario in which Large Bank A acquires Regional Bank B.

I have included cost synergies from eliminating redundant BO positions (IT/Legal/Compliance) and executive management severance packages etc. but I am unsure how I should account for synergies from MO functions being eliminated such as Credit Risk, Treasury, etc.

Are these positions usually eliminated as well? Can anyone provide insight?

(I do not have extensive M&A exposure)

 

Nobis ipsa eaque at at. Officiis ratione aliquam fuga delectus. Incidunt ducimus modi numquam voluptate temporibus sint corporis qui. Laboriosam veniam dolor hic. Fuga voluptatem ad porro occaecati voluptatibus maiores.

Sunt illo veritatis vero delectus est qui cumque. Quis culpa totam eum et ut earum est. Doloribus est rerum harum quia. Modi asperiores quas est quibusdam sint qui. Ut ea sed enim reiciendis illo est aut. Saepe unde nam voluptatum non.

Error provident harum magni odio veniam ut voluptatum cum. Praesentium ex sunt nulla enim corporis sed et qui. Cum in blanditiis voluptatem inventore rerum et. Accusamus hic qui fugit.

Enim tempore natus maiores quod neque sint. Eligendi et distinctio rem autem porro distinctio sit. Praesentium exercitationem aut voluptas.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”