M&A Deal Summary

b1BANK Acquires Oakwood Bank

On April 25, 2024, b1BANK acquired financial services company Oakwood Bank for 86M USD

Acquisition Highlights
  • This is b1BANK’s 2nd transaction in the Financial Services sector.
  • This is b1BANK’s largest (disclosed) transaction.
  • This is b1BANK’s 2nd transaction in the United States.
  • This is b1BANK’s 1st transaction in Texas.

M&A Deal Summary
Date 2024-04-25
Target Oakwood Bank
Sector Financial Services
Buyer(s) b1BANK
Deal Type Add-on Acquisition
Deal Value 86M USD
Advisor(s) Stephens Investment Banking (Financial)
Norton Rose Fulbright (Legal)

Target

Oakwood Bank

Dallas, Texas, United States
website
Oakwood Bank offers a full range of banking products and services from six full-service branch locations located in the Dallas, Oakwood, and Snyder, Texas market areas. Oakwood Bank is headquartered in Dallas, Texas.

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Buyer(S) 1

Buyer

b1BANK

Baton Rouge, Louisiana, United States

website

Category Company
Founded 2006
Sector Financial Services
Employees648
Revenue 228M USD (2022)
DESCRIPTION

b1BANK provides commercial and personal banking, treasury management and wealth solutions services to small to midsize businesses. b1BANK was founded in 2006 and is based in Baton Rouge, Louisiana.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-22 Smith Shellnut Wilson

Ridgeland, Mississippi, United States

Smith Shellnut Wilson is specializing in managing investment portfolios for corporations, foundations and individuals. Smith Shellnut Wilson was founded in 1995 and is based in Ridgeland, Mississippi.

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