M&A Deal Summary

IBC Bank Acquires Local Financial

On January 22, 2004, IBC Bank acquired financial services company Local Financial for 385M USD

Acquisition Highlights
  • This is IBC Bank’s 1st transaction in the Financial Services sector.
  • This is IBC Bank’s largest (disclosed) transaction.
  • This is IBC Bank’s 1st transaction in the United States.
  • This is IBC Bank’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2004-01-22
Target Local Financial
Sector Financial Services
Buyer(s) IBC Bank
Deal Type Add-on Acquisition
Deal Value 385M USD

Target

Local Financial

Oklahoma City, Oklahoma, United States
Local Financial Corporation provides a full range of commercial and personal banking services at 52 locations.

Search 193,711 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

IBC Bank

Laredo, Texas, United States

website

Category Company
Founded 1966
Sector Financial Services
Employees2,101
Revenue 594M USD (2021)
DESCRIPTION

International Bancshares is a provider of financial services. International Bancshares was founded in 1966 and is based in Laredo, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Oklahoma) 1 of 1
Country (United States) 1 of 2
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-16 Southwest First Community

Fort Myers, Florida, United States

Southwest First Community Inc.provides banking services.The bank have $133 million in assets and $119 million in deposits and three banking facilities in their respective communities.

Buy -
Mergr

Product

Company

Legal