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  6. Bank of Utah Acquires AmBank

M&A Deal Summary

Bank of Utah Acquires AmBank

On September 13, 2018, Bank of Utah acquired financial services company AmBank

Acquisition Highlights
  • This is Bank of Utah’s 1st transaction in the Financial Services sector.
  • This is Bank of Utah’s 1st transaction in the United States.
  • This is Bank of Utah’s 1st transaction in Texas.

M&A Deal Summary
Date 2018-09-13
Target AmBank
Sector Financial Services
Buyer(s) Bank of Utah
Deal Type Add-on Acquisition
Advisor(s) Sandler O'Neill + Partners (Financial)
Jones Waldo (Legal)

Target

AmBank

Wolfforth, Texas, United States
American Bank of Commerce is a provider of financial services. American Bank of Commerce was founded in 1962 and is based in Wolfforth, Texas.

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Buyer(S) 1

Buyer

Bank of Utah

Ogden, Utah, United States
Category Company
Founded 2000
Sector Financial Services
DESCRIPTION

BOU Bancorp, Inc. is a holding company for Bank of Utah with 14 full-service branches along the Wasatch Front, mortgage offices in St. George, Price, Logan and Sandy, and trust teams in Ogden and Salt Lake City.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
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