M&A Deal Summary

Southwest Bancorp Acquires First Commercial Bancshares

On May 27, 2015, Southwest Bancorp acquired financial services company First Commercial Bancshares for 42M USD

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

M&A Deal Summary
Date 2015-05-27
Target First Commercial Bancshares
Sector Financial Services
Buyer(s) Southwest Bancorp
Deal Type Add-on Acquisition
Deal Value 42M USD
Advisor(s) Hartzog Conger Cason (Legal)

Target

First Commercial Bancshares

Oklahoma, United States
First Commercial Bancshares, Inc. is a holding company for First Commercial Bank. The Bank was founded in 1996 by a group of Oklahoma City businessmen. The Bank operates five banking centers in Oklahoma, three banking centers in south Denver, and one banking center in Colorado Springs.

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Buyer(S) 1

Buyer

Southwest Bancorp

Stillwater, Oklahoma, United States

website

Category Company
Founded 1981
Sector Financial Services
Employees411
Revenue 89M USD (2015)
DESCRIPTION

Southwest Bancorp, Inc. is a holding company for Bank SNB, an Oklahoma state banking corporation ("Bank SNB"). Through Bank SNB, Southwest offers commercial and consumer lending, deposit and investment services, specialized cash management, and other financial services from offices in Oklahoma, Texas, and Kansas, and on the Internet, through Bank SNB DirectBanker®.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal