Porter, White & Company is pleased to announce the promotion of Grace Weitkamp to Associate. Grace joined the firm in March 2019 and since then has attained her Certified Public Accountant (CPA) certificate and license. She formerly served as a Financial Analyst for PW&Co and continues to serve investment management clients for the firm. For… Read More >
News & Insights
PWCO Promotes Michael Stone to Managing Director
Michael Stone has been promoted to Managing Director of Investment Banking for PW&Co. In Michael’s 12 years with the firm, he has worked in all aspects of the firm’s business activities, including mergers and acquisitions, capital raising, municipal advisory, strategic consulting, business valuations, and distressed situation advisory. Michael formerly served as Director of Investment Banking… Read More >
SECURE Act 2.0: Highlights for Employers and Savers
The SECURE 2.0 Act was signed into law on December 29, 2022, and the implications for both business owners and savers are prevalent. Some of the important highlights include potential savings for employers, the increased emphasis on Roth options, and the additional savings assistance allowed for savers within plans. The legislation builds on the Setting… Read More >
Alabama Banking Almanac – 3Q22
We are pleased to present the latest installment of Banking Almanac, a comprehensive report on all Alabama banks and thrifts with data as of and for the twelve months ended September 30, 2022. Click here for Banking Almanac in PDF. This report examines Alabama institutions by a variety of financial measures: Total Assets Net Interest… Read More >
What’s It Worth – Q3 2022
Despite a record setting year in 2021, M&A activity is being challenged by macroeconomic and geopolitical headwinds. Rising interest rates and inflation rates are putting downward pressure on pricing metrics in both the public and private markets. Public markets are taking the hardest hit in 2022, as economists and industry professionals are signaling for a… Read More >
Municipal Market Update – Q3 2022
Macroeconomic pressures characterized the market during the third quarter of 2022, as investors and issuers continue to grapple with a rising rate environment. Treasury and MMD yields continue to rise from the pandemic-era lows and the Federal Reserve Board has indicated it will maintain its aggressive monetary policy tightening until inflationary pressures are in check…. Read More >
Mississippi Banking Almanac – 2Q22
We are pleased to present the latest installment of Banking Almanac, a comprehensive report on all Mississippi banks and thrifts with data as of and for the twelve months ended June 30, 2022 as well as a comprehensive view of Community Bank performance, defined as banks with less than $2B in assets for banks in… Read More >
Georgia Banking Almanac – 2Q22
We are pleased to present the latest installment of Banking Almanac, a comprehensive report on all Georgia banks and thrifts with data as of and for the twelve months ended June 30, 2022 as well as a comprehensive view of Community Bank performance, defined as banks with less than $2B in assets for banks in… Read More >
Alabama Banking Almanac – 2Q22
We are pleased to present the latest installment of Banking Almanac, a comprehensive report on all Alabama banks and thrifts with data as of and for the twelve months ended June 30, 2022 as well as a comprehensive view of Community Bank performance, defined as banks with less than $2.5B in assets for banks in… Read More >
Emma Begley Joins PWCO
Porter White & Company is pleased to announce that Emma Begley has joined the firm as a Research Analyst/Financial Analyst. Emma supports the Investment Management division by researching academic literature in the areas of finance and economics, utilizing historical and simulation analyses to assist with investment recommendations for clients. In May of 2022, Emma graduated… Read More >
Mississippi Banking Almanac – 1Q22
We are pleased to present the latest installment of Banking Almanac, a comprehensive report on all Mississippi banks and thrifts with data as of and for the twelve months ended March 31, 2022 as well as a comprehensive view of Community Bank performance, defined as banks with less than $2B in assets for banks in… Read More >
Georgia Banking Almanac – 1Q22
We are pleased to present the latest installment of Banking Almanac, a comprehensive report on all Georgia banks and thrifts with data as of and for the twelve months ended March 31, 2022 as well as a comprehensive view of Community Bank performance, defined as banks with less than $2B in assets for banks in… Read More >
Alabama Banking Almanac – 1Q22
We are pleased to present the latest installment of Banking Almanac, a comprehensive report on all Alabama banks and thrifts with data as of and for the twelve months ended March 31, 2022 as well as a comprehensive view of Community Bank performance, defined as banks with less than $2.5B in assets for banks in… Read More >
“Great Time to Be a Seller”: Takeaways from ACG M&A South
Last month, Porter White attended the ACG M&A South Capital Connection in Atlanta, along with over two-hundred private equity firms, investment banks, and other capital providers. The story we have heard for years continued – competition to invest capital and close deals has continued to drive up valuation multiples and the private equity market is… Read More >
Are a Few Low-Cost Investment Options Enough?
Some 401k Plan Sponsors have taken the approach of providing a broad range of investment options hoping that providing a few, low-cost index funds would fulfill their fiduciary duty to monitor fees and expenses of their plan. The logic here was that a participant is free to choose between low cost and higher cost investment… Read More >
PW&Co Completes Sale of Franklin Iron Works and Alabama Casting
Porter White & Company, a Birmingham-based investment bank, is pleased to announce that it has completed the sale of Franklin Iron Works, Inc. and Alabama Castings, LLC (collectively “Franklin Iron” or the “Company”) to Druid Capital Partners and Elyton Capital. PW&Co, led by Michael Stone, served as the exclusive sell-side investment banker to Franklin Iron…. Read More >
Georgia Banking Almanac – 4Q21
We are pleased to present the latest installment of Banking Almanac, a comprehensive report on all Georgia banks and thrifts with data as of and for the twelve months ended December 31, 2021 as well as a comprehensive view of Community Bank performance, defined as banks with less than $2B in assets for banks in Georgia… Read More >
Mississippi Banking Almanac – 4Q21
We are pleased to present the latest installment of Banking Almanac, a comprehensive report on all Mississippi banks and thrifts with data as of and for the twelve months ended December 31, 2021 as well as a comprehensive view of Community Bank performance, defined as banks with less than $2B in assets for banks in Mississippi… Read More >
