M&A Deal Summary

Anita Bancorp. Acquires Metabank West Central

On November 29, 2007, Anita Bancorp. acquired financial services company Metabank West Central from Pathward Financial for 8M USD

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

M&A Deal Summary
Date 2007-11-29
Target Metabank West Central
Sector Financial Services
Buyer(s) Anita Bancorp.
Sellers(s) Pathward Financial
Deal Type Divestiture
Deal Value 8M USD

Target

Metabank West Central

Stuart, Iowa, United States
Metabank West Central is a provider of banking products and services for commercial, agricultural, and retail customers in Iowa.

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Buyer(S) 1

Buyer

Anita Bancorp.

Atlantic, Iowa, United States
Category Company
Sector Financial Services
DESCRIPTION

Anita Bancorporation operates as a bank holding company for The First National Bank of Brewster and Rolling Hills Bank & Trust.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Pathward Financial

Sioux Falls, South Dakota, United States
Category Company
Founded 1954
Sector Financial Services
Employees1,204
Revenue 577M USD (2023)
DESCRIPTION

Pathward Financial is a provider of financial products and services for commercial, agricultural, and retail customers. Pathward Financial was founded in 1954 and is based in Sioux Falls, South Dakota.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-03 AFS/IBEX Financial Services

Dallas, Texas, United States

AFS/IBEX Financial Services, Inc. is a provider of short-term, collateralized financing to facilitate the purchase of insurance for commercial property, casualty and liability risk. AFS was one of the top ten insurance premium finance companies in the U.S., originating loans through a network of over 1,300 independent insurance agencies.

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