1
00:00:00,000 --> 00:00:03,719
Hi, this is Stephanie Maas with Thinking Ahead Search Firm.

2
00:00:04,080 --> 00:00:06,900
Today I wanna talk to you about mergers and acquisitions.

3
00:00:07,260 --> 00:00:13,769
What does this mean for you if you are on the side that is being acquired professionally?

4
00:00:13,769 --> 00:00:15,540
You really have three options.

5
00:00:15,929 --> 00:00:23,280
The first option is you need to take a look at the acquiring bank
and say, Hey, is that a bank that I ever would've wanted to work for?

6
00:00:23,490 --> 00:00:25,110
You should know the culture over there.

7
00:00:25,110 --> 00:00:25,890
It's a competitor.

8
00:00:25,890 --> 00:00:27,269
You know folks that have worked there.

9
00:00:27,330 --> 00:00:30,990
You probably have a sense of if it's a place you've ever wanted to work before.

10
00:00:31,080 --> 00:00:34,920
Second thing is you need to say, Hey, who over there now?

11
00:00:35,320 --> 00:00:38,950
Does what I do, what does my competition look like for a job?

12
00:00:39,490 --> 00:00:50,620
If you find yourself in a situation where neither the bank is attractive, or you think if you
went head to head with their person for the job, you would win, then you absolutely need not wait.

13
00:00:50,650 --> 00:00:53,380
You need to start looking and get something lined up.

14
00:00:53,920 --> 00:01:02,440
Even if there is retention money on the table, which can be
so tempting, you need to start looking for your next gig.

15
00:01:02,804 --> 00:01:09,945
Bottom line, you absolutely don't wanna get caught in a situation
where you're looking once the market has been flooded with talent.

16
00:01:10,304 --> 00:01:12,735
Second scenario, you go over you.

17
00:01:12,765 --> 00:01:18,315
You take a look at the acquiring bank, and you say, huh, you know, not sure if I wanna work there.

18
00:01:18,315 --> 00:01:19,395
I've heard some good things.

19
00:01:19,395 --> 00:01:22,485
I've heard some maybe not good things, but I'm very open-minded.

20
00:01:22,725 --> 00:01:25,545
You look at your competition for a role and you say, you know what?

21
00:01:25,545 --> 00:01:36,015
They really don't have anybody that does what I do, or they have somebody, but they certainly aren't
doing what I'm doing, then absolutely, let's go into what I like to call the wait and see mode.

22
00:01:36,105 --> 00:01:39,495
It's a great time to truly wait and see.

23
00:01:40,035 --> 00:01:42,255
At the same time, you need to be smart about this.

24
00:01:42,830 --> 00:01:47,570
Just because you're in a wait and see mode, it doesn't
mean that you don't keep your ear to the ground.

25
00:01:47,870 --> 00:01:50,570
Wait and see is not bearing your head in the sand.

26
00:01:50,840 --> 00:01:53,810
It's wait and see, but be strategic and smart.

27
00:01:53,810 --> 00:01:57,620
At least listen and hear what else is out there in case you need a backup plan.

28
00:01:58,110 --> 00:02:05,310
And then lastly, of course, if you take a look at the bank that's coming to
town or coming to your bank and you're like, oh my gosh, that's my dream bank.

29
00:02:05,310 --> 00:02:06,780
I've always wanted to work there.

30
00:02:07,049 --> 00:02:10,289
I, I'm almost positive that they don't have anybody that does what I do.

31
00:02:10,289 --> 00:02:11,220
There's no overlap.

32
00:02:11,220 --> 00:02:12,390
I'm guaranteed a job.

33
00:02:12,390 --> 00:02:12,450
I.

34
00:02:12,899 --> 00:02:13,920
Congratulations.

35
00:02:13,980 --> 00:02:16,290
That's an awesome situation to be in.

36
00:02:16,679 --> 00:02:17,339
And you know what?

37
00:02:17,369 --> 00:02:18,959
That's the role you need to play.

38
00:02:18,989 --> 00:02:25,079
If you find yourself in that situation, you be the
team player, you be Mr. Rah, rah about the acquisition.

39
00:02:25,079 --> 00:02:31,829
You make sure that you're communicating clearly and loudly to
that acquiring bank that you're excited to be a part of them.