M&A Deal Summary

MidFirst Bank Acquires Union Bank N.A.

On August 14, 2009, MidFirst Bank acquired financial services company Union Bank N.A.

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 Union Bank N.A.
Sector Financial Services
Buyer(s) MidFirst Bank
Deal Type Add-on Acquisition

Target

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.

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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 (Add-on Acquisition) 1 of 3
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 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.

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 -