Add-on Acquisition • Financial Services

b1BANK Acquires Oakwood Bank

On April 25, 2024, b1BANK acquired financial services company Oakwood Bank for 86M USD

Acquisition Context

This is b1BANK’s 2nd transaction in the Financial Services sector.
This is b1BANK’s largest (disclosed) transaction.
This is b1BANK’s 2nd transaction in the United States.
This is b1BANK’s 1st transaction in Texas.

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M&A Deal Summary
Date	April 25, 2024
Target	Oakwood Bank
Sector	Financial Services
Buyer(s)	b1BANK
Deal Type	Add-on Acquisition
Deal Value	86M USD
Advisor(s)	Stephens (Financial) Norton Rose Fulbright (Legal)

Target Company

Oakwood Bank

Dallas, Texas, United States

Oakwood Bank offers a full range of banking products and services from six full-service branch locations located in the Dallas, Oakwood, and Snyder, Texas market areas. Oakwood Bank is headquartered in Dallas, Texas.

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Buyer Overview 1

Buyer

b1BANK

Baton Rouge, Louisiana, United States

Category	Company
Founded	2006
Sector	Financial Services
Employees	751
Revenue	270M USD (2024)

DESCRIPTION

b1BANK provides commercial and personal banking, treasury management and wealth solutions services to small to midsize businesses. b1BANK was founded in 2006 and is based in Baton Rouge, Louisiana.

Deal Context for Buyer	#
Overall	2 of 2
Sector: Financial Services	2 of 2
Type: Add-on Acquisition	2 of 2
State: Texas	1 of 1
Country: United States	2 of 2
Year: 2024	1 of 1
Size (of disclosed)	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2021-03-22	Smith Shellnut Wilson Ridgeland, Mississippi, United States Smith Shellnut Wilson is specializing in managing investment portfolios for corporations, foundations and individuals. Smith Shellnut Wilson was founded in 1995 and is based in Ridgeland, Mississippi.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2021-03-22

Smith Shellnut Wilson

Ridgeland, Mississippi, United States

Smith Shellnut Wilson is specializing in managing investment portfolios for corporations, foundations and individuals. Smith Shellnut Wilson was founded in 1995 and is based in Ridgeland, Mississippi.

Buy

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