Financial Institutions, Valuations, Mergers and Acquisitions

ZABIHOLLAH REZAEE, PhD, CPA, CMA, CIA, CGFM, CFE, is a professor of accounting at Middle Tennessee State University. He has published over 130 articles in a variety of accounting, finance, banking, and economic journals, including the Journal of Accounting and Economics, Journal of Business, Journal of Accountancy, Strategic Finance, Finance and Accounting, and Bankers' Economic and Investment Alert. Dr. Rezaee makes presentations at conferences and workshops throughout the world and has been involved in consulting with national and international organizations, including the United Nations. He is the recipient of the 1998 distinguished research award at Middle Tennessee State University, and he received the Lybrand Bronze Medal for the outstanding article in 1999 selected by the Institute of Management Accountants. He received his BA degree from the Iranian Institute of Advanced Accounting, his MBA from Tarleton University, and his PhD from the University of Mississippi.

Acknowledgments. Preface. THE FOUNDATION: FINANCIAL INSTITUTIONS, VALUATIONS, MERGERS, ACQUISITIONS, REGULATORY AND ACCOUNTING ENVIRONMENT. Introduction to Financial Institutions. Overview of the Valuation Process. Overview of Mergers and Acquisitions. Regulatory Environment and Financial Reporting Process of Financial Institutions. FUNDAMENTALS OF VALUATIONS: CONCEPTS, STANDARDS, AND TECHNIQUES. Value and Valuation: A Conceptual Foundation. Approaches to Measuring Value. Valuations for Tax and Accounting Purposes. Intangible Asset Valuation. ASSESSMENT OF FINANCIAL INSTITUTIONS. Financial Analysis of Banks and Bank Holding Companies. Internal Characteristics Assessment. External Environment Assessment. VALUATION OF MERGERS AND ACQUISITIONS. The Bank Merger and Acquisition Process. Accounting Standards on Mergers and Acquisitions. Valuing a Bank as a Business Enterprise. Valuation of Tangible Bank Assets. Core Deposits as a Special Type of Intangible Asset Valuation. Derivative Financial Instruments. Real World Bank Valuation Complications.