M&A Deal Summary

Citizens Deposit Bank and Trust Acquires The First National Bank of Jackson

On July 9, 2019, Citizens Deposit Bank and Trust acquired financial services company The First National Bank of Jackson for 15M USD

Acquisition Highlights
  • This is Citizens Deposit Bank and Trust’s 1st transaction in the Financial Services sector.
  • This is Citizens Deposit Bank and Trust’s largest (disclosed) transaction.
  • This is Citizens Deposit Bank and Trust’s 1st transaction in the United States.
  • This is Citizens Deposit Bank and Trust’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2019-07-09
Target The First National Bank of Jackson
Sector Financial Services
Buyer(s) Citizens Deposit Bank and Trust
Deal Type Add-on Acquisition
Deal Value 15M USD

Target

The First National Bank of Jackson

Jackson, Kentucky, United States
The First National Bank of Jackson consists of two bank branches serving the community of Jackson, Kentucky.

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Buyer(S) 1

Buyer

Citizens Deposit Bank and Trust

Vanceburg, Kentucky, United States
Category Company
Founded 1889
Sector Financial Services
DESCRIPTION

Citizens Deposit Bank is a small regional bank serving the Southeast US. Citizens Deposit Bank was formed in 1889 and is headquartered in Vanceburg, Kentucky.

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 (2019) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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