M&A Deal Summary

AltaPacific Acquires Stellar Business Bank

On September 14, 2011, AltaPacific acquired financial services company Stellar Business Bank for 17M USD

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

M&A Deal Summary

Date 2011-09-14
Target Stellar Business Bank
Sector Financial Services
Buyer(s) AltaPacific
Deal Type Merger
Deal Value 17M USD

Target

Stellar Business Bank

Covina, California, United States
Stellar Business Bank is a provider of commercial banking services and products to businesses, professional firms, organizations and their owners and officers, and individuals.

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Buyer(S) 1

Buyer

AltaPacific

Santa Rosa, California, United States

Category Company
Founded 2006
Sector Financial Services
Revenue 20M USD (2017)
DESCRIPTION

AltaPacific Bancorp. is an independent business bank and operates as the holding company for AltaPacific Bank. The company provides a range of banking products and services to small to middle-market businesses, professionals, and not-for-profit organizations in California. AltaPacific Bancorp. was formed in 2006 and is based in Santa Rosa, California.


DEAL STATS #
Overall 1 of 3
Sector (Financial Services) 1 of 3
Type (Merger) 1 of 3
State (California) 1 of 3
Country (United States) 1 of 3
Year (2011) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-31 Mission Oaks National Bank

Temecula, California, United States

Mission Oaks National Bank is a provider of banking services to residents and businesses owners in southwest California.

Buy $4M