M&A Deal Summary

City National Bank of Charleston Acquires First Allegiance Financial

On October 9, 1997, City National Bank of Charleston acquired financial services company First Allegiance Financial for 19M USD

Acquisition Highlights
  • This is City National Bank of Charleston’s 1st transaction in the Financial Services sector.
  • This is City National Bank of Charleston’s largest (disclosed) transaction.
  • This is City National Bank of Charleston’s 1st transaction in the United States.
  • This is City National Bank of Charleston’s 1st transaction in California.

M&A Deal Summary
Date 1997-10-09
Target First Allegiance Financial
Sector Financial Services
Buyer(s) City National Bank of Charleston
Deal Type Add-on Acquisition
Deal Value 19M USD

Target

First Allegiance Financial

Irvine, California, United States
First Allegiance Financial Corp., is a mortgage loan company.

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Buyer(S) 1

Buyer

City National Bank of Charleston

Charleston, South Carolina, United States
Category Company
Sector Financial Services
DESCRIPTION

City National Bank of Charleston, is a financial service company.

DEAL STATS #
Overall 1 of 3
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (California) 1 of 1
Country (United States) 1 of 3
Year (1997) 1 of 3
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-12-05 Morton Specialty Insurance Partners

Winfield, West Virginia, United States

Morton Specialty Insurance Partners Ltd., offers property and casualty insurance and bonding programs to established commercial and industrial clients, primarily in energy related industries.

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