M&A Deal Summary

Area Bancshares Acquires Associates Mortgage Group

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

Acquisition Highlights
  • 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.

M&A Deal Summary

Date 2001-07-16
Target Associates Mortgage Group
Sector Financial Services
Buyer(s) Area Bancshares
Deal Type Add-on Acquisition

Target

Associates Mortgage Group

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

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Buyer(S) 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 STATS #
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