Washington National Bank and Peoples Bank

Case Analysis
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Case Analysis
Having examined the challenges and opportunities which affect the banking industry, it is clear that the nature of competition experienced has increased the number of acquisitions. For instance, the Peoples Bank, which is headquartered in Ohio, has plans for acquiring the Washington National Bank. Ideally, it is critical to note that the companies and organizations consider acquisition as an effective approach to managing and reducing the level of competition. The acquisition for the Washington National Bank would make it possible for Peoples Bank to grow geographically, and it would also help the firm in diversification.
There are clear cultural differences between these two banks that should be considered by Peoples before acquiring WNB. For instance, the leadership styles of the two organizations are different, while People leadership advocate for open communication. WNB has a strict chain ...