M&A Deal Summary

Hamilton State Bancshares Acquires The First State Bank

On January 20, 2012, Hamilton State Bancshares acquired financial services company The First State Bank from Federal Deposit Insurance

Acquisition Highlights
  • This is Hamilton State Bancshares’ 3rd transaction in the Financial Services sector.
  • This is Hamilton State Bancshares’ 3rd transaction in the United States.
  • This is Hamilton State Bancshares’ 3rd transaction in Georgia.

M&A Deal Summary

Date 2012-01-20
Target The First State Bank
Sector Financial Services
Buyer(s) Hamilton State Bancshares
Sellers(s) Federal Deposit Insurance
Deal Type Divestiture

Target

The First State Bank

Stockbridge, Georgia, United States
The First State Bank is a full-service bank offering a variety of services to its customers from its offices

Search 201,771 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 3 of 6
Sector (Financial Services) 3 of 6
Type (Divestiture) 3 of 4
State (Georgia) 3 of 6
Country (United States) 3 of 6
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-17 McIntosh State Bank

Jackson, Georgia, United States

McIntosh State Bank specializes in providing commercial banking services to small to medium-sized businesses

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

Federal Deposit Insurance

Washington, District of Columbia, United States

Category Company
Founded 1933
Sector Financial Services
DESCRIPTION

Federal Deposit Insurance Corp. provides financial services.The FDIC provides coverage for deposits in national banks, in state banks that are members of the Federal Reserve System, and in other qualified state banks.


DEAL STATS #
Overall 32 of 41
Sector (Financial Services) 32 of 41
Type (Divestiture) 32 of 41
State (Georgia) 18 of 22
Country (United States) 32 of 41
Year (2012) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-21 Community Capital Bank Of Jonesboro

Jonesboro, Georgia, United States

Community Capital Bank Of Jonesboro is a provider of various banking services and peoducts. Community Capital Bank Of Jonesboro had total core deposits of approximately $106 million as of June 30, 2011.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-24 Central Bank of Georgia

Ellaville, Georgia, United States

Central Bank of Georgia is a full-service bank with five locations located in Ellaville, Buena Vista, Cusseta, Butler, and Macon, Georgia.

Sell -