M&A Deal Summary

National Bank of Arizona Acquires Southern Arizona Bancorp

On May 31, 1996, National Bank of Arizona acquired financial services company Southern Arizona Bancorp for 25M USD

Acquisition Highlights
  • This is National Bank of Arizona’s 1st transaction in the Financial Services sector.
  • This is National Bank of Arizona’s 3rd largest (disclosed) transaction.
  • This is National Bank of Arizona’s 1st transaction in the United States.
  • This is National Bank of Arizona’s 1st transaction in Arizona.

M&A Deal Summary

Date 1996-05-31
Target Southern Arizona Bancorp
Sector Financial Services
Buyer(s) National Bank of Arizona
Deal Type Add-on Acquisition
Deal Value 25M USD
Advisor(s) The Cavanagh Law Firm (Legal)

Target

Southern Arizona Bancorp

Yuma, Arizona, United States
Southern Arizona Bancorp, Inc. offers banking services for commercial and Industrial sectors.The Bank provides commercial business loans, residential and commercial real estate construction loans.

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Buyer(S) 1

Buyer

National Bank of Arizona

Phoenix, Arizona, United States

Category Company
Founded 1984
Sector Financial Services
DESCRIPTION

National Bank of Arizona was founded on a mission of building local relationships and providing exceptional customer service. More than 25 years later our approach hasn't changed. We still pride ourselves on providing local expertise and delivering award-winning service.


DEAL STATS #
Overall 1 of 4
Sector (Financial Services) 1 of 4
Type (Add-on Acquisition) 1 of 4
State (Arizona) 1 of 3
Country (United States) 1 of 4
Year (1996) 1 of 1
Size (of disclosed) 3 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-28 County Bank

Prescott, Arizona, United States

County Bank’s primary mission has been to serve the banking needs.Our products are designed to meet the needs of our customers and our employees are hired to provide friendly, knowledgeable, and efficient service.

Buy $67M