M&A Deal Summary

BankServ Acquires NetDeposit

On August 31, 2010, BankServ acquired financial services company NetDeposit from Zions

Acquisition Highlights
  • This is BankServ’s 2nd transaction in the Financial Services sector.
  • This is BankServ’s 2nd transaction in the United States.
  • This is BankServ’s 1st transaction in Utah.

M&A Deal Summary

Date 2010-08-31
Target NetDeposit
Sector Financial Services
Buyer(s) BankServ
Sellers(s) Zions
Deal Type Add-on Acquisition

Target

NetDeposit

Salt Lake City, Utah, United States
NetDeposit is a bank-independent processor of remote deposit capture transactions.

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Buyer(S) 1

Buyer

BankServ

Las Vegas, Nevada, United States

Category Company
Sector Information Technology
DESCRIPTION

BankServ develops SaaS-based payment systems used by banks and corporations to transfer money quickly and efficiently around the world. The company’s product lineup includes systems for wire transfers, SWIFT messaging and connectivity, remote deposit capture, online payments, mobile banking and more. Headquartered in Las Vegas, BankServ has offices in San Francisco, Salt Lake City and London.


DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Utah M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-01 Commerciant

Houston, Texas, United States

Commerciant, LP is a wireless, handheld payment processing technology. The company's Mobilescape solution enables its customers in industries such as airlines, delivery services, residential services and restaurants to accept payments everywhere, delivering increased revenues and operational efficiencies while reducing risk.

Buy -

Seller(S) 1

SELLER

Zions

Salt Lake City, Utah, United States

Category Company
Founded 1873
Sector Financial Services
Employees9,406
Revenue 3.1B USD (2024)
DESCRIPTION

Zions is a financial services company, consisting of a collection of banks in select high growth markets. Under local management teams and community identities, Zions operates over 480 full-service banking offices in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah and Washington. Zions was founded in 1873 and is based in Salt Lake City, Utah.


DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Utah M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-05 Silver State Bank

Henderson, Nevada, United States

Silver State Bank provides commercial banking services. It offers personal banking services, which include regular and award checking, interest plus checking, personal and premier money market.

Buy -