D.A. Davidson plans to acquire Los Angeles-based rival

05/2/2013 | Reuters · AmericanBanker.com (free registration)

D.A. Davidson is poised to create one of the West Coast's biggest regional brokerage firms through the acquisition of Crowell, Weeden & Co., which is based in Los Angeles. "We believe that, financially, year in and year out, we'll have better opportunities for return on investment" through the purchase of Crowell, said Davidson President Jim Kerr. "This is an opportunity ... to grow and achieve higher scale."

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Reuters · AmericanBanker.com (free registration)

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