American Community Bancshares - Ownership and Business Overview

Financial ServicesCompany

American Community Bancshares Ownership

Who owns American Community Bancshares?

American Community Bancshares is owned by Yadkin Financial. It was acquired on September 10, 2008.

American Community Bancshares Business Overview

Where is American Community Bancshares headquartered?

American Community Bancshares is headquartered in Charlotte, North Carolina.

How many employees does American Community Bancshares have?

American Community Bancshares has 87 employees.

What sector is American Community Bancshares in?

American Community Bancshares is a financial services company.

When was American Community Bancshares founded?

American Community Bancshares was founded in 1996.

Financial Services M&A Summary in 2008

Out of 60 sectors in the Mergr database, financial services ranked 9 in number of deals in 2008. The largest financial services acquisition in 2008 was Merrill Lynch Wealth Management - which was acquired by Bank of America for $50.0B.

Join Mergr to view all 131 acquisitions of financial services companies in 2008, including 47 acquisitions by private equity firms, and 84 by strategics.

American Community Bancshares, Inc.

4500 Cameron Valley Parkway Suite 150,
Charlotte, North Carolina 28211
United States,
(704) 225-8444
www.americancommunitybank.com

American Community Bancshares, Inc is the parent of American Community Bank, a North Carolina state-chartered bank with nine offices in Union and Mecklenburg Counties, North Carolina and four offices in York and Cherokee Counties, South Carolina. As of June 30, 2008, the Bank had $530 million in assets, $406 million in loans, $417 million in deposits and $56 million in stockholders' equity.


Company Summary

SECTOR

Financial Services

Employees

87

Established

1996

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