M&A Deal Summary

City National Bank of Charleston Acquires Morton Specialty Insurance Partners

On December 5, 1997, City National Bank of Charleston acquired insurance company Morton Specialty Insurance Partners

Acquisition Highlights
  • This is City National Bank of Charleston’s 2nd transaction in the Insurance sector.
  • This is City National Bank of Charleston’s 3rd transaction in the United States.
  • This is City National Bank of Charleston’s 2nd transaction in West Virginia.

M&A Deal Summary
Date 1997-12-05
Target Morton Specialty Insurance Partners
Sector Insurance
Buyer(s) City National Bank of Charleston
Deal Type Add-on Acquisition

Target

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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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 3 of 3
Sector (Insurance) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (West Virginia) 2 of 2
Country (United States) 3 of 3
Year (1997) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-12-05 RMI

Bluefield, West Virginia, United States

RMI Ltd., offers a full range of insurance products and services, including employee benefit programs, key person programs, benefits consulting services, property and casualty insurance, retirement plans and deferred compensation plans, to select corporate, association, and individual clients.

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