M&A Deal Summary

Exchange Bank Acquires American Trust & Savings Bank - California Trust & Wealth Management Business

On February 17, 2019, Exchange Bank acquired financial services company American Trust & Savings Bank - California Trust & Wealth Management Business from American Trust & Savings Bank

Acquisition Highlights
  • This is Exchange Bank’s 2nd transaction in the Financial Services sector.
  • This is Exchange Bank’s 2nd transaction in the United States.
  • This is Exchange Bank’s 2nd transaction in California.

M&A Deal Summary

Date 2019-02-17
Target American Trust & Savings Bank - California Trust & Wealth Management Business
Sector Financial Services
Buyer(s) Exchange Bank
Sellers(s) American Trust & Savings Bank
Deal Type Divestiture

Target

American Trust & Savings Bank - California Trust & Wealth Management Business

California, United States
American Trust & Savings Bank - California Trust & Wealth Management Business is a provider of financial services.

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Buyer(S) 1

Buyer

Exchange Bank

435 West Napa St., California, United States

Category Company
Sector Financial Services
DESCRIPTION

Exchange Bank is a premier community bank with assets of $2.6 billion. Exchange Bank provides a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California.


DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Divestiture) 2 of 2
State (California) 2 of 2
Country (United States) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 First Northern Bank - Asset Management & Trust Services Division

Dixon, California, United States

First Northern Bank - Asset Management & Trust Services Division is a provider of financial services in California.

Buy -

Seller(S) 1

SELLER

American Trust & Savings Bank

Dubuque, Iowa, United States

Category Company
Founded 1911
Sector Financial Services
DESCRIPTION

American Trust & Savings Bank is a provider of personal, commercial and trust and investment services. American Trust & Savings Bank was founded in 1911 and is based in Dubuque, Iowa.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1