M&A Deal Summary

Home Bank Acquires Stonegate Bank

On September 26, 2017, Home Bank acquired financial services company Stonegate Bank for 792M USD

Acquisition Highlights
  • This is Home Bank’s 8th transaction in the Financial Services sector.
  • This is Home Bank’s largest (disclosed) transaction.
  • This is Home Bank’s 8th transaction in the United States.
  • This is Home Bank’s 6th transaction in Florida.

M&A Deal Summary
Date 2017-09-26
Target Stonegate Bank
Sector Financial Services
Buyer(s) Home Bank
Deal Type Add-on Acquisition
Deal Value 792M USD
Advisor(s) Hovde Group LLC (Financial)
Squire Patton Boggs (Legal)

Target

Stonegate Bank

Pompano Beach, Florida, United States
website
Stonegate Bank is a provider of private and commercial banking services. Stonegate Bank was founded in 2005 and is based in Pompano Beach, Florida.

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Buyer(S) 1

Buyer

Home Bank

Conway, Arkansas, United States

website

Category Company
Founded 1998
Sector Financial Services
Employees2,774
Revenue 919M USD (2022)
DESCRIPTION

Home Bank is a bank holding company for Centennial Bank provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Home Bank was founded in 1998 and is based in Conway, Arkansas.

DEAL STATS #
Overall 8 of 9
Sector (Financial Services) 8 of 9
Type (Add-on Acquisition) 5 of 5
State (Florida) 6 of 6
Country (United States) 8 of 9
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-07 Giant Holdings

Fort Lauderdale, Florida, United States

Giant Holdings, Inc. is a provider of financial services. GHI currently operates six branch locations in the Ft. Lauderdale area.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-19 People s United Financial - LH-Finance

Connecticut, United States

People's United Financial, Inc.'s LH-Finance is a marine lending division based in Connecticut, United States.

Buy -
Mergr

Product

Company

Legal