Add-on Acquisition • Financial Services

IBC Bank Acquires Local Financial

On January 22, 2004, IBC Bank acquired financial services company Local Financial for 385M USD

Acquisition Context

This is IBC Bank’s 1st transaction in the Financial Services sector.
This is IBC Bank’s largest (disclosed) transaction.
This is IBC Bank’s 1st transaction in the United States.
This is IBC Bank’s 1st transaction in Oklahoma.

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M&A Deal Summary
Date	January 22, 2004
Target	Local Financial
Sector	Financial Services
Buyer(s)	IBC Bank
Deal Type	Add-on Acquisition
Deal Value	385M USD

Target Company

Local Financial

Oklahoma City, Oklahoma, United States

Local Financial Corporation provides a full range of commercial and personal banking services at 52 locations.

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Buyer Overview 1

Buyer

IBC Bank

Laredo, Texas, United States

Category	Company
Founded	1966
Sector	Financial Services
Employees	2,103
Revenue	834M USD (2024)

DESCRIPTION

IBC Bank is a multi-bank financial holding company, with 165 facilities and 256 ATMs serving 75 communities in Texas and Oklahoma. IBC Bank was founded in 1966 and is based in Laredo, Texas.

Deal Context for Buyer	#
Overall	1 of 2
Sector: Financial Services	1 of 2
Type: Add-on Acquisition	1 of 2
State: Oklahoma	1 of 1
Country: United States	1 of 2
Year: 2004	1 of 1
Size (of disclosed)	1 of 1

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2007-03-16	Southwest First Community Fort Myers, Florida, United States Southwest First Community Inc.provides banking services.The bank have $133 million in assets and $119 million in deposits and three banking facilities in their respective communities.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2007-03-16

Southwest First Community

Fort Myers, Florida, United States

Southwest First Community Inc.provides banking services.The bank have $133 million in assets and $119 million in deposits and three banking facilities in their respective communities.

Buy

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