M&A Deal Summary

First Freedom Bank Acquires Atlantic Capital - Three Branches

On December 17, 2015, First Freedom Bank acquired financial services company Atlantic Capital - Three Branches from Atlantic Capital

Acquisition Highlights
  • This is First Freedom Bank’s 1st transaction in the Financial Services sector.
  • This is First Freedom Bank’s 1st transaction in the United States.
  • This is First Freedom Bank’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2015-12-17
Target Atlantic Capital - Three Branches
Sector Financial Services
Buyer(s) First Freedom Bank
Sellers(s) Atlantic Capital
Deal Type Divestiture

Target

Atlantic Capital - Three Branches

Tennessee, United States
Atlantic Capital - Three Branches comprises approximately $116 million in customer deposits and approximately $31 million in loans and other assets, including three branches located in Algood, Cookeville and Gainesboro, Tennessee.

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Buyer(S) 1

Buyer

First Freedom Bank

Lebanon, Tennessee, United States
Category Company
Founded 2006
Sector Financial Services
DESCRIPTION

First Freedom Bank, Inc. is a provider of personal and business banking products and services.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1

Seller(S) 1

SELLER

Atlantic Capital

Atlanta, Georgia, United States
Category Company
Founded 2006
Sector Financial Services
Employees201
Revenue 97M USD (2020)
DESCRIPTION

Atlantic Capital is a commercial bank focused on serving middle market corporations, emerging growth businesses, mid-sized real estate developers and investors and the principals of these businesses. Atlantic Capital was founded in 2006 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Divestiture) 2 of 2
State (Tennessee) 2 of 2
Country (United States) 2 of 2
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Atlantic Capital Bancshares - Four Branches

Tennessee, United States

Atlantic Capital - Four Branches comprises approximately $104 million in customer deposits and approximately $15 million in loans and other assets, including four branches in Athens, Lenoir City, Madisonville and Sweetwater, Tennessee.

Sell -
Mergr

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