M&A Deal Summary

Harbor Community Bank Acquires Highlands Independent Bancshares

On May 15, 2014, Harbor Community Bank acquired financial services company Highlands Independent Bancshares

Acquisition Highlights
  • This is Harbor Community Bank’s 1st transaction in the Financial Services sector.
  • This is Harbor Community Bank’s 1st transaction in the United States.
  • This is Harbor Community Bank’s 1st transaction in Florida.

M&A Deal Summary

Date 2014-05-15
Target Highlands Independent Bancshares
Sector Financial Services
Buyer(s) Harbor Community Bank
Deal Type Add-on Acquisition
Advisor(s) Monroe Financial Partners (Financial)

Target

Highlands Independent Bancshares

Sebring, Florida, United States
Highlands Independent Bank currently has assets of approximately $250 million and six branch locations in Lake Placid, Sebring and Avon Park, Florida.

Search 214,239 Deals Now

SEARCH BY

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

Try Free

Buyer(S) 1

Buyer

Harbor Community Bank

Indiantown, Florida, United States

Category Company
Founded 2010
Sector Financial Services
DESCRIPTION

Harbor Community Bank is a bank holding company that was established by veteran Florida bankers to build a strong community banking franchise along the east coast of Florida. Harbor Community Bank was founded in 2010 and is based in Indiantown, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1