M&A Deal Summary

Consumers National Bank Acquires The Peoples National Bank of Mount Pleasant

On June 14, 2019, Consumers National Bank acquired financial services company The Peoples National Bank of Mount Pleasant

Acquisition Highlights
  • This is Consumers National Bank’s 2nd transaction in the Financial Services sector.
  • This is Consumers National Bank’s 2nd transaction in the United States.
  • This is Consumers National Bank’s 1st transaction in Ohio.

M&A Deal Summary

Date 2019-06-14
Target The Peoples National Bank of Mount Pleasant
Sector Financial Services
Buyer(s) Consumers National Bank
Deal Type Merger
Advisor(s) Boenning & Scattergood (Financial)
Dinsmore & Shohl (Legal)

Target

The Peoples National Bank of Mount Pleasant

Mount Pleasant, Ohio, United States
The Peoples National Bank of Mount Pleasant is a bank holding company with approximately $79 million in assets. Its subsidiary, The Peoples National Bank of Mt. Pleasant, was founded in 1903 and operates three branches in Mt. Pleasant, Dillonvale and Adena, Ohio.

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Buyer(S) 1

Buyer

Consumers National Bank

Malvern, Pennsylvania, United States

Category Company
Founded 1994
Sector Financial Services
Employees787
Revenue 687M USD (2024)
DESCRIPTION

Consumers National Bank is a bank holding company with assets of approximately $550 million whose common stock is traded on the OTCQX Best Market. Consumers operate 15 full-service locations and one loan production office in Carroll, Columbiana, Jefferson, Stark, Summit, and Wayne counties in Ohio. Consumers National Bank was founded in 1994 and is based in Malvern, Pennsylvania.


DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Merger M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-15 Higher One Holdings - Disbursements Business

United States

Higher One Holdings - Disbursements Business includes its proprietary Refund Management® Disbursement Service and the OneAccount. Refund Management® Disbursement Service streamlines the financial aid refund disbursement process for more than 800 college and university campuses across the U.S. and the OneAccount is an FDIC-insured checking account offered through Higher One’s bank partners to more than two million college students.

Buy $37M