M&A Deal Summary

City National Bank Acquires Horizon Bancorp

On December 31, 1998, City National Bank acquired financial services company Horizon Bancorp for 413M USD

Acquisition Highlights
  • This is City National Bank’s 7th transaction in the Financial Services sector.
  • This is City National Bank’s largest (disclosed) transaction.
  • This is City National Bank’s 7th transaction in the United States.
  • This is City National Bank’s 5th transaction in West Virginia.

M&A Deal Summary

Date 1998-12-31
Target Horizon Bancorp
Sector Financial Services
Buyer(s) City National Bank
Deal Type Add-on Acquisition
Deal Value 413M USD
Advisor(s) Jackson Kelly PLLC (Legal)

Target

Horizon Bancorp

Beckley, West Virginia, United States
Horizon Bancorp, Inc. is a professional service company.

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Buyer(S) 1

Buyer

City National Bank

Charleston, West Virginia, United States

website


Category Company
Founded 1957
Sector Financial Services
Employees909
Revenue 246M USD (2022)
DESCRIPTION

City National Bank is a financial service company offers a range of checking and savings products for both consumer and business customers. City National Bank was incorporated in 1957 and is based in Charleston, West Virginia.


DEAL STATS #
Overall 7 of 14
Sector (Financial Services) 7 of 14
Type (Add-on Acquisition) 7 of 13
State (West Virginia) 5 of 5
Country (United States) 7 of 14
Year (1998) 2 of 2
Size (of disclosed) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-04-03 Del Amo Savings Bank FSB

Torrance, California, United States

Del Amo Savings Bank, FSB, is a federally chartered savings bank.

Buy $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-01 Frontier Bancorp

California, United States

Frontier Bancorp, is a financial services company.

Buy $15M