M&A Deal Summary

Morris Bank Acquires Farmers & Merchants Bank

On December 12, 2018, Morris Bank acquired financial services company Farmers & Merchants Bank

Acquisition Highlights
  • This is Morris Bank’s 1st transaction in the Financial Services sector.
  • This is Morris Bank’s 1st transaction in the United States.
  • This is Morris Bank’s 1st transaction in Georgia.

M&A Deal Summary

Date 2018-12-12
Target Farmers & Merchants Bank
Sector Financial Services
Buyer(s) Morris Bank
Deal Type Merger
Advisor(s) FIG Partners (Financial)
Troutman Pepper Hamilton Sanders (Legal)

Target

Farmers & Merchants Bank

Statesboro, Georgia, United States
FMB Equibanc, Inc. is the holding company for Farmers & Merchants Bank, a community bank operating three full-service banking offices in the Bulloch County, Georgia market. Farmers & Merchants Bank had approximately $190 million in assets as of September 30, 2018.

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Buyer(S) 1

Buyer

Morris Bank

Dublin, Georgia, United States

Category Company
Sector Financial Services
DESCRIPTION

Morris Bank is a state chartered commercial bank, Member FDIC, is a financial holding company headquartered in Dublin, Georgia. Substantially all of the operations of Morris State Bancshares, Inc. are conducted through the company’s wholly owned subsidiary, Morris Bank. Morris Bank currently operates two full-service banking offices in Dublin, Georgia, two full-service banking offices in Warner Robins, Georgia, and one full-service banking office in Gray and Gordon, Georgia. As of September 30, 2018, Morris Bank reported $718 million in total assets.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1