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  6. Hamilton State Bancshares Acquires Cherokee Banking

M&A Deal Summary

Hamilton State Bancshares Acquires Cherokee Banking

On August 26, 2013, Hamilton State Bancshares acquired financial services company Cherokee Banking

Acquisition Highlights
  • This is Hamilton State Bancshares’ 5th transaction in the Financial Services sector.
  • This is Hamilton State Bancshares’ 5th transaction in the United States.
  • This is Hamilton State Bancshares’ 5th transaction in Georgia.

M&A Deal Summary
Date 2013-08-26
Target Cherokee Banking
Sector Financial Services
Buyer(s) Hamilton State Bancshares
Deal Type Merger

Target

Cherokee Banking

Canton, Georgia, United States
Cherokee Bank is a provider of various banking services and products with approximately $168 million in total assets and approximately $150 million in deposits. Cherokee Bank operates out of three branch locations.

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Buyer(S) 1

Buyer

Hamilton State Bancshares

Hoschton, Georgia, United States
Category Company
Founded 2004
Sector Financial Services
DESCRIPTION

HSB is a Georgia-based bank holding company that specializes in providing commercial banking services to small- to medium-sized businesses in North Georgia through its bank subsidiary, Hamilton State Bank. Hamilton was formed in 2004 and is based in Hoschton, Georgia, which is approximately 50 miles north of Atlanta.

DEAL STATS #
Overall 5 of 6
Sector (Financial Services) 5 of 6
Type (Merger) 1 of 1
State (Georgia) 5 of 6
Country (United States) 5 of 6
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-26 Douglas County Bank

Douglasville, Georgia, United States

Douglas County Bank is a provider of personal and commercial banking services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Highland Commercial Bank

Marietta, Georgia, United States

Highland Commercial Bank operates as a state chartered community bank that offers deposits and loan products for consumers.

Buy -
Mergr

Product

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