M&A Deal Summary

Suncrest Bank Acquires Security First Bank

On September 2, 2016, Suncrest Bank acquired financial services company Security First Bank for 18M USD

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

M&A Deal Summary
Date 2016-09-02
Target Security First Bank
Sector Financial Services
Buyer(s) Suncrest Bank
Deal Type Add-on Acquisition
Deal Value 18M USD
Advisor(s) Grady & Associates
King, Holmes, Paterno & Soriano (Legal)

Target

Security First Bank

Fresno, California, United States
website
Security First Bank is a provider of banking products and services at competitive rates while maintaining personal banking relationships.

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Buyer(S) 1

Buyer

Suncrest Bank

Visalia, California, United States

website

Category Company
Founded 2008
Sector Financial Services
Revenue 43M USD (2020)
DESCRIPTION

Suncrest Bank offers a full range of commercial, small business, and agribusiness loans, cash management services, and personal deposit products throughout the Central Valley of California and the Greater Sacramento Region. Suncrest Bank was formed in 2008 and is based in Visalia, California.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (California) 2 of 2
Country (United States) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-27 Sutter Community Bank

Yuba City, California, United States

Sutter Community Bank is a provider of financial services.

Buy $9M
Mergr

Product

Company

Legal