M&A Deal Summary

First Federal Bank Acquires Watson Mortgage

On April 18, 2024, First Federal Bank acquired financial services company Watson Mortgage

Acquisition Highlights
  • This is First Federal Bank’s 1st transaction in the Financial Services sector.
  • This is First Federal Bank’s 1st transaction in the United States.
  • This is First Federal Bank’s 1st transaction in Florida.

M&A Deal Summary
Date 2024-04-18
Target Watson Mortgage
Sector Financial Services
Buyer(s) First Federal Bank
Deal Type Add-on Acquisition

Target

Watson Mortgage

Jacksonville, Florida, United States
website
Watson Mortgage helps customers in achieving their dream of homeownership. The company's vision is focused on serving customers throughout the entire home loan process, delivering legendary quality of service to all customers and business partners. Watson Mortgage was formed in 1994 and is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

First Federal Bank

Lake City, Florida, United States

website

Category Company
Sector Financial Services
DESCRIPTION

First Federal Bank is a community-owned bank that provides a wide range of consumer and commercial banking solutions, services, and loans. Additionally, SBA and USDA customers are served by lending offices across the Southeast and Midwest, and mortgages are offered nationwide. First Federal Bank is based in Lake City, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
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