The Performance of Banking Merger and Acquisition: From a Microscopic View - With Wing Hang Bank Ltd. Merged Chekiang First Bank N.A. as an Example

The banking merger and acquisition (M&A) has become the focus of the fifth wave of global merger tide, followed by people´s puzzle about whether there is a positive and sustainable performance of banking M&A. By sifting the current microscopic analytical method of banking M&A performance, we choose the adjusted case study law for an overall analysis of the case of Wing Hang Bank Ltd. purchasing Chekiang First Bank N.A. We draw a conclusion that the positive impact of M&A on improving bank efficiency and shareholder´s value can be confirmed, so that the discrepancy between empirical results and the real M&A activities at present can be perfectly explained. M&A, however, is a high risk expansion full of complication, so prudent operation is advisable