M&A Deal Summary

1st Bank Acquires North Side State Bank of Rock Springs

On April 30, 2007, 1st Bank acquired financial services company North Side State Bank of Rock Springs for 28M USD

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

M&A Deal Summary
Date 2007-04-30
Target North Side State Bank of Rock Springs
Sector Financial Services
Buyer(s) 1st Bank
Deal Type Add-on Acquisition
Deal Value 28M USD
Advisor(s) Sheshunoff & Co. Investment Banking (Financial)
Jenkens & Gilchrist PC (Legal)

Target

North Side State Bank of Rock Springs

Rock Springs, Wyoming, United States
North Side State Bank, a community bank, provides banking services in Wyoming.

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Buyer(S) 1

Buyer

1st Bank

Evanston,, Wyoming, United States
Category Company
Founded 1934
Sector Financial Services
DESCRIPTION

1st Bank provides personal and business banking services.The company also provides business loans, construction loans, account management services, VISA business check cards, and merchant card services.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Wyoming) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal