Add-on Acquisition • Financial Services

Area Bancshares Acquires Associates Mortgage Group

On July 16, 2001, Area Bancshares acquired financial services company Associates Mortgage Group

Acquisition Context
  • This is Area Bancshares’ 1st transaction in the Financial Services sector.
  • This is Area Bancshares’ 1st transaction in the United States.
  • This is Area Bancshares’ 1st transaction in Kentucky.

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M&A Deal Summary

Date July 16, 2001
Target Associates Mortgage Group
Sector Financial Services
Buyer(s) Area Bancshares
Deal Type Add-on Acquisition

Target Company

Associates Mortgage Group

Louisville,, Kentucky, United States
Associates Mortgage Group, Inc. is a provider of mortgage brokerage services.
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Buyer Overview 1

Buyer

Area Bancshares

Owensboro, Kentucky, United States

Category Company
Sector Financial Services
DESCRIPTION

AREA banks provide a range of financial services, owns two commercial banks and one non-depository trust company.


Deal Context for Buyer #
Overall 1 of 1
Sector: Financial Services 1 of 1
Type: Add-on Acquisition 1 of 1
State: Kentucky 1 of 1
Country: United States 1 of 1
Year: 2001 1 of 1