M&A Deal Summary

City National Bank Acquires Old National Bank of Huntington

On January 24, 1997, City National Bank acquired financial services company Old National Bank of Huntington for 10M USD

Acquisition Highlights
  • This is City National Bank’s 5th transaction in the Financial Services sector.
  • This is City National Bank’s 11th largest (disclosed) transaction.
  • This is City National Bank’s 5th transaction in the United States.
  • This is City National Bank’s 4th transaction in West Virginia.

M&A Deal Summary
Date 1997-01-24
Target Old National Bank of Huntington
Sector Financial Services
Buyer(s) City National Bank
Deal Type Add-on Acquisition
Deal Value 10M USD
Advisor(s) Woods Rogers Vandeventer Black (Legal)

Target

Old National Bank of Huntington

Huntington, West Virginia, United States
Old National Bank of Huntington, provides banking services.

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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 5 of 14
Sector (Financial Services) 5 of 14
Type (Add-on Acquisition) 5 of 13
State (West Virginia) 4 of 5
Country (United States) 5 of 14
Year (1997) 1 of 1
Size (of disclosed) 11 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-09 First Merchants Bancorp

West Virginia, United States

First Merchants Bancorp, Inc., provides banking services, operates five banking offices.

Buy $26M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-04-03 Del Amo Savings Bank FSB

Torrance, California, United States

Del Amo Savings Bank, FSB, is a federally chartered savings bank.

Buy $12M
Mergr

Product

Company

Legal