M&A Deal Summary

Stonegate Bank Acquires Community Bank of Broward

On August 25, 2014, Stonegate Bank acquired financial services company Community Bank of Broward for 61M USD

Acquisition Highlights
  • This is Stonegate Bank’s 2nd transaction in the Financial Services sector.
  • This is Stonegate Bank’s largest (disclosed) transaction.
  • This is Stonegate Bank’s 2nd transaction in the United States.
  • This is Stonegate Bank’s 2nd transaction in Florida.

M&A Deal Summary
Date 2014-08-25
Target Community Bank of Broward
Sector Financial Services
Buyer(s) Stonegate Bank
Deal Type Add-on Acquisition
Deal Value 61M USD
Advisor(s) Hovde Group LLC (Financial)
Smith Mackinnon PA (Legal)

Target

Community Bank of Broward

Dania Beach, Florida, United States
website
Community Bank of Broward is a provider of personal and commercial banking services.

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Buyer(S) 1

Buyer

Stonegate Bank

Pompano Beach, Florida, United States

website

Category Company
Founded 2005
Sector Financial Services
Employees303
Revenue 110M USD (2016)
DESCRIPTION

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

DEAL STATS #
Overall 2 of 3
Sector (Financial Services) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Florida) 2 of 3
Country (United States) 2 of 3
Year (2014) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-05 Florida Shores Bancorp

Pompano Beach, Florida, United States

Florida Shores Bancorp, Inc. is a provider of banking products and services.

Buy $49M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-26 Regent Bancorp

Davie, Florida, United States

Regent Bancorp, Inc. is a state chartered bank, providing financial products and services.

Buy $40M
Mergr

Product

Company

Legal