M&A Deal Summary

City National Bank Acquires First Merchants Bancorp

On January 9, 1995, City National Bank acquired financial services company First Merchants Bancorp for 26M USD

Acquisition Highlights
  • This is City National Bank’s 4th transaction in the Financial Services sector.
  • This is City National Bank’s 4th largest (disclosed) transaction.
  • This is City National Bank’s 4th transaction in the United States.
  • This is City National Bank’s 3rd transaction in West Virginia.

M&A Deal Summary
Date 1995-01-09
Target First Merchants Bancorp
Sector Financial Services
Buyer(s) City National Bank
Deal Type Add-on Acquisition
Deal Value 26M USD
Advisor(s) Baxter Fentriss & Co. (Financial)
Bowles Rice (Legal)

Target

First Merchants Bancorp

West Virginia, United States
First Merchants Bancorp, Inc., provides banking services, operates five banking offices.

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Buyer(S) 1

Buyer

City National Bank

Charleston, West Virginia, United States
Category Company
Founded 1957
Sector Financial Services
Employees909
Revenue 282M USD (2023)
DESCRIPTION

City National Bank is a financial service company offers a range of checking and savings products for both consumer and business customers. City National Bank was incorporated in 1957 and is based in Charleston, West Virginia.

DEAL STATS #
Overall 4 of 14
Sector (Financial Services) 4 of 14
Type (Add-on Acquisition) 4 of 13
State (West Virginia) 3 of 5
Country (United States) 4 of 14
Year (1995) 1 of 1
Size (of disclosed) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-12-06 Hinton Financial

Hinton, West Virginia, United States

Hinton Financial Corp., is a banking service provider.

Buy $16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-24 Old National Bank of Huntington

Huntington, West Virginia, United States

Old National Bank of Huntington, provides banking services.

Buy $10M
Mergr

Product

Company

Legal