M&A Deal Summary

First Federal Bancorp Acquires Coastal Banking

On April 2, 2018, First Federal Bancorp acquired financial services company Coastal Banking

Acquisition Highlights
  • This is First Federal Bancorp’s 1st transaction in the Financial Services sector.
  • This is First Federal Bancorp’s 1st transaction in the United States.
  • This is First Federal Bancorp’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2018-04-02
Target Coastal Banking
Sector Financial Services
Buyer(s) First Federal Bancorp
Deal Type Merger

Target

Coastal Banking

Beaufort, South Carolina, United States
Coastal Banking Company Inc., headquartered in Beaufort, S.C., is the $464.7 million-asset bank holding company of CBC National Bank, headquartered in Fernandina Beach, Fla., which provides a full range of consumer and business banking services through full-service banking offices in Beaufort, Fernandina Beach, and Port Royal, S.C. The company's residential mortgage banking division, headquartered in Atlanta, includes traditional retail and wholesale lending, as well as a National Retail Group that has lending offices in Arizona, Florida, Georgia, Maryland, Michigan, Indiana, Illinois and Ohio.

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Buyer(S) 1

Buyer

First Federal Bancorp

Lake City, Florida, United States

Category Company
Sector Financial Services
DESCRIPTION

First Federal Bancorp, Inc. is a provider of financial services.


DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 2
Type (Merger) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-12 BNCCORP s Mortgage Division

North Dakota, United States

BNCCORP's Mortgage Division arranges and facilitates residential mortgage loans to businesses and consumers in its local markets.

Buy -