M&A Deal Summary

City National Bank of Charleston Acquires RMI

On December 5, 1997, City National Bank of Charleston acquired insurance company RMI

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 RMI
Sector Insurance
Buyer(s) City National Bank of Charleston
Deal Type Add-on Acquisition

Target

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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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 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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