M&A Deal Summary

MidFirst Bank Acquires Community Bank of Arizona

On August 14, 2009, MidFirst Bank acquired financial services company Community Bank of Arizona from Federal Deposit Insurance

Acquisition Highlights
  • This is MidFirst Bank’s 2nd transaction in the Financial Services sector.
  • This is MidFirst Bank’s 2nd transaction in the United States.
  • This is MidFirst Bank’s 2nd transaction in Arizona.

M&A Deal Summary
Date 2009-08-14
Target Community Bank of Arizona
Sector Financial Services
Buyer(s) MidFirst Bank
Sellers(s) Federal Deposit Insurance
Deal Type Divestiture

Target

Community Bank of Arizona

Phoenix, Arizona, United States
Community Bank of Arizona is a provider of banking services and products. As of June 30, 2009, Community Bank of Arizona had total assets of $158.5 million and total deposits of approximately $143.8 million.

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Buyer(S) 1

Buyer

MidFirst Bank

Oklahoma, Oklahoma, United States
Category Company
Founded 1954
Sector Financial Services
DESCRIPTION

MidFirst provides a full range of business, private banking, trust, personal banking, and mortgage banking products and services.

DEAL STATS #
Overall 2 of 6
Sector (Financial Services) 2 of 6
Type (Divestiture) 1 of 2
State (Arizona) 2 of 2
Country (United States) 2 of 6
Year (2009) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-14 Union Bank N.A.

Gilbert, Arizona, United States

Union Bank, N.A. is a provider of corporate, commercial, and retail banking services, as well as wealth management solutions in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-16 PFC Acquisition Company

Alpharetta, Georgia, United States

Founded in 1981, Presidential is a specialty commercial finance company that provides working capital financing to small businesses in the form of asset-based loans collateralized primarily by accounts receivable and, to a lesser extent, inventories and fixed assets.

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 4 of 41
Sector (Financial Services) 4 of 41
Type (Divestiture) 4 of 41
State (Arizona) 1 of 1
Country (United States) 4 of 41
Year (2009) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-24 Security Bank

Macon, Georgia, United States

Security Bank Corp. is a operator of six community banks with banking offices located throughout middle Georgia, coastal Georgia and north metropolitan Atlanta. In addition, Security Bank Corporation operates a mortgage subsidiary, Fairfield Financial Services, Inc., with offices located throughout Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-23 First DuPage Bank

Westmont, Illinois, United States

First DuPage Bank is a provider of personal and business banking services.

Sell -
Mergr

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