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M&A Deal Summary

First Carolina Bank Acquires BM Technologies

On October 25, 2024, First Carolina Bank acquired financial services company BM Technologies for 67M USD

Acquisition Highlights
  • This is First Carolina Bank’s 1st transaction in the Financial Services sector.
  • This is First Carolina Bank’s largest (disclosed) transaction.
  • This is First Carolina Bank’s 1st transaction in the United States.
  • This is First Carolina Bank’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2024-10-25
Target BM Technologies
Sector Financial Services
Buyer(s) First Carolina Bank
Deal Type Add-on Acquisition
Deal Value 67M USD
Advisor(s) Janney Montgomery Scott (Financial)
White & Case (Legal)

Target

BM Technologies

Rocky Mount, North Carolina, United States
BM Technologies is a digital banking platform. It is focused on technology, innovation, easy-to-use products, and education with the mission to financially empower millions of Americans by providing a more affordable, transparent, and consumer-friendly banking experience. BM Technologies was founded in 2015 and is based in Rocky Mount, North Carolina.

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Buyer(S) 1

Buyer

First Carolina Bank

Georgia, United States
Category Company
Founded 2012
Sector Financial Services
DESCRIPTION

First Carolina Bank is a community financial services institution with a developed presence in the Carolinas, Virginia, and Georgia. First Carolina Bank was founded in 2012 and is based in Atlanta, Georgia.

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: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 1
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