M&A Deal Summary

Merchants & Marine Bank Acquires Mississippi River Bank

On September 20, 2023, Merchants & Marine Bank acquired financial services company Mississippi River Bank

Acquisition Highlights
  • This is Merchants & Marine Bank’s 1st transaction in the Financial Services sector.
  • This is Merchants & Marine Bank’s 1st transaction in the United States.
  • This is Merchants & Marine Bank’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2023-09-20
Target Mississippi River Bank
Sector Financial Services
Buyer(s) Merchants & Marine Bank
Deal Type Add-on Acquisition

Target

Mississippi River Bank

Belle Chasse, Louisiana, United States
Mississippi River Bank is a community bank that serves the parishes of Plaquemines, Orleans, and Jefferson through their commitment to personal, friendly, and efficient banking services. Formed in 1980, Mississippi River Bank is headquartered in Belle Chasse, Louisiana, with an additional branch office in Port Sulphur, Louisiana

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Buyer(S) 1

Buyer

Merchants & Marine Bank

Pascagoula, Mississippi, United States
Category Company
Sector Financial Services
Revenue 41M USD (2023)
DESCRIPTION

Merchants & Marine Bank is a Mississippi-chartered community bank that serves the Gulf South region. The bank offers mortgage financing through its canvas mortgage division, medical cannabis banking through its CannaFirst Financial division, and access to government-guaranteed credit through Voyager Lending. Merchants & Marine Bank is based in Pascagoula, Mississippi.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
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