M&A Deal Summary

First National Bancorp. Acquires Strategic Growth Bancorp

On June 1, 2017, First National Bancorp. acquired financial services company Strategic Growth Bancorp from Lightyear Capital

Acquisition Highlights
  • This is First National Bancorp.’s 2nd transaction in the Financial Services sector.
  • This is First National Bancorp.’s 2nd transaction in the United States.
  • This is First National Bancorp.’s 1st transaction in Texas.

M&A Deal Summary
Date 2017-06-01
Target Strategic Growth Bancorp
Sector Financial Services
Buyer(s) First National Bancorp.
Sellers(s) Lightyear Capital
Deal Type Merger

Target

Strategic Growth Bancorp

El Paso, Texas, United States
Strategic Growth Bancorp Inc. operates as a bank holding company, which through its subsidiaries offers banking products and services.

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Buyer(S) 1

Buyer

First National Bancorp.

Denver, Colorado, United States
Category Company
Sector Financial Services
DESCRIPTION

First National Bancorp. is a community bank created as a result of the merger of Strategic Growth Bank Inc. and Sunflower Financial, Inc. in June 2017. FirstSun Capital Bancorp services the American Midwest and Southwest.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Merger) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 Sunflower Financial

Salina, Kansas, United States

Sunflower Financial, Inc. is a Salina, Kansas based community-based bank servicing the American Midwest.

Buy -

Seller(S) 1

SELLER

Lightyear Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 4.1B USD
Size Large
Type Sector Focused
DESCRIPTION

Lightyear Capital is a specialist private equity firm that pursues brand-name businesses in the financial services sector. Lightyear looks for companies with stable, recurring revenues that operate in growing markets. Transaction strategies include leveraged buyouts, recapitalizations, restructurings and consolidations. Lightyear Capital was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 21 of 30
Sector (Financial Services) 9 of 13
Type (Merger) 2 of 2
State (Texas) 4 of 4
Country (United States) 17 of 24
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 First National Bancorp.

Denver, Colorado, United States

First National Bancorp. is a community bank created as a result of the merger of Strategic Growth Bank Inc. and Sunflower Financial, Inc. in June 2017. FirstSun Capital Bancorp services the American Midwest and Southwest.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-29 eCommission

Austin, Texas, United States

eCommission is a provider of commission advance services to real estate professionals in the United States. eCommission was founded in 2001 and is based in Austin, Texas.

Buy -
Mergr

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