1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. United States >
  5. Tennessee >
  6. Jefferson Federal Bank Acquires State of Franklin Bancshares

M&A Deal Summary

Jefferson Federal Bank Acquires State of Franklin Bancshares

On October 23, 2008, Jefferson Federal Bank acquired financial services company State of Franklin Bancshares

Acquisition Highlights
  • This is Jefferson Federal Bank’s 1st transaction in the Financial Services sector.
  • This is Jefferson Federal Bank’s 1st transaction in the United States.
  • This is Jefferson Federal Bank’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2008-10-23
Target State of Franklin Bancshares
Sector Financial Services
Buyer(s) Jefferson Federal Bank
Deal Type Add-on Acquisition

Target

State of Franklin Bancshares

Johnson City, Tennessee, United States
State of Franklin Bancshares, Inc. is a provider of financial services.

Search 214,238 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

Jefferson Federal Bank

Morristown, Tennessee, United States
Category Company
Founded 1963
Sector Financial Services
DESCRIPTION

Jefferson Federal Bank is headquartered in Morristown, Tennessee. Its holding company, Jefferson Bancshares, Inc., has over $498 million in combined assets. Jefferson operates a total of 12 banking facilities in Hamblen County, Knoxville, and the greater Johnson City and Kingsport, Tennessee areas.

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: Tennessee M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2008 M&A 1 of 1
Mergr

Solution for

Product

Company

Legal