City National Bank - M&A Summary and Business Overview

Financial ServicesCompany

City National Bank M&A Summary

City National Bank has acquired 14 companies, including 1 in the last 5 years. It has also divested 1 asset.

City National Bank’s largest acquisition to date was in 1998, when it acquired Horizon Bancorp for $413M. City National Bank has acquired in 5 different US states. The Company’s most targeted sectors include financial services (100%).

City National Bank Business Overview

Where is City National Bank headquartered?

City National Bank is headquartered in Charleston, West Virginia.

What is City National Bank’s revenue?

City National Bank disclosed revenue of 246M USD for 2022 and 219M USD for 2021.

How many employees does City National Bank have?

City National Bank has 909 employees.

What sector is City National Bank in?

City National Bank is a financial services company.

When was City National Bank founded?

City National Bank was founded in 1957.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity14
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Advisors 9

City National Bank

City Holding Co.

25 Gatewater Road,
Charleston, West Virginia 25313
United States,
(304) 769-1100
www.bankatcity.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 13 - - - 1 - 14
vol $622M $62M $684M
Sell (0.0/yr) # 1 - - - - - 1
  15

Most Recent M&A

Company Date Value Type
Citizens Commerce Bancshares, Inc. 2023-03-10 62M USD Add-on Acquisition
Versailles, Kentucky · www.citizenscommerce.com
Farmers Deposit Bancorp, Inc. 2018-07-11 - Add-on Acquisition
Cynthiana, Kentucky · www.farmersdepositbankky.com
Poage Bankshare, Inc. 2018-07-11 - Add-on Acquisition
Ashland, Kentucky · www.townsquarebank.com
Community Financial Corp. 2012-08-02 25M USD Merger
Staunton, Virginia · www.cbnk.com
Virginia Savings Bancorp, Inc. 2012-05-31 13M USD Add-on Acquisition
Front Royal, Virginia
Home Bancorp, Inc. 2008-10-01 - IPO
Lafayette, Louisiana · www.home24bank.com
Classic Bancshares, Inc. 2005-05-20 77M USD Add-on Acquisition
Ashland, Kentucky
Frontier Bancorp 1999-07-01 15M USD Add-on Acquisition
, California
Horizon Bancorp, Inc. 1998-12-31 413M USD Add-on Acquisition
Beckley, West Virginia
Del Amo Savings Bank, FSB 1998-04-03 12M USD Add-on Acquisition
Torrance, California
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 14 (100%) 684M (100%) 1 (100%) -
Total 14 $684M 1 -

By Geo

State/Country Buy Value Sell Value
United States 14 684M 1 -
  West Virginia 5 468M - -
  Kentucky 4 139M - -
  Virginia 2 38M - -
  California 2 27M - -
  Louisiana 1 12M 1 -
Total 14 $684M 1 -

Top M&A Advisors

Financial Deals
Keefe, Bruyette, & Woods, Inc.
1
Baxter Fentriss & Co.
1
Piper Sandler & Co.
1
Legal Deals
Hunton & Williams LLP
8
Barnes & Thornburg
1
Jackson Walker
1

Deal Values

buy # Total
$100M to $1B 1 $413M
< $100M 11 $271M
TOTAL $684M
Largest Horizon Bancorp, Inc.
$413M (1998-12-31)

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