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  6. Faciam Holdings Acquires Summit Bancshares

M&A Deal Summary

Faciam Holdings Acquires Summit Bancshares

On November 28, 2018, Faciam Holdings acquired financial services company Summit Bancshares

Acquisition Highlights
  • This is Faciam Holdings’ 1st transaction in the Financial Services sector.
  • This is Faciam Holdings’ 1st transaction in the United States.
  • This is Faciam Holdings’ 1st transaction in California.

M&A Deal Summary
Date 2018-11-28
Target Summit Bancshares
Sector Financial Services
Buyer(s) Faciam Holdings
Deal Type Add-on Acquisition
Advisor(s) Vining Sparks (Financial)
Gary Steven Findley & Associates (Legal)

Target

Summit Bancshares

Oakland, California, United States
Summit Bancshares, Inc. is a provider of deposit and loan services to its personal and business customers. Summit Bancshares, Inc. operates three branches in Oakland, Walnut Creek and Emeryville, California through its subsidiary, Summit Bank, a California state-chartered institution established in 1982.

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Buyer(S) 1

Buyer

Faciam Holdings

Santa Barbara, California, United States
Category Company
Sector Financial Services
DESCRIPTION

Faciam Holdings, Inc. is a provider of financial services. Faciam Holdings is based in Santa Barbara, California.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
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