M&A Deal Summary |
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|---|---|
| Date | 2018-01-01 |
| Target | FirstAtlantic Bank |
| Sector | Financial Services |
| Buyer(s) | National Commerce |
| Sellers(s) | Hovde Private Equity Advisors |
| Deal Type | Merger |
| Advisor(s) | FIG Partners (Financial) Troutman Pepper Hamilton Sanders (Legal) |
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| Category | Company |
|---|---|
| Founded | 2004 |
| Sector | Financial Services |
| Employees | 289 |
| Revenue | 116M USD (2017) |
National Commerce Corp. is a provider of financial services for commercial and consumer customers through seven full-service banking offices in Alabama, twenty-five full-service banking offices in Florida and five full-service banking offices in the Atlanta, Georgia metro area. National Commerce was founded in 2004 and is based in Birmingham, Alabama.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector: Financial Services M&A | 3 of 3 |
| Type: Merger M&A Deals | 1 of 1 |
| State: Florida M&A | 3 of 3 |
| Country: United States M&A | 4 of 4 |
| Year: 2018 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-08-31 |
Private Bancshares
Atlanta, Florida, United States Private Bancshares, Inc. is a provider of a personalized and tailored financial experience. Private Bancshares operates two full-service banking offices, with its headquarters in the Buckhead area of Atlanta, Georgia, and a branch office in Decatur, Georgia that operates under the trade name Private Bank of Decatur, a division of Private Bank of Buckhead. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| Size | Small |
| Type | Sector Focused |
Hovde Private Equity Advisors is the private equity investment arm of financial services firm, The Hovde Organization. Hovde Private Equity was created to invest in financial services companies, including banks, non-depository institutions, and other financial service providers. Hovde targets US based opportunities. Hovde Private Equity was formed in 1994 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 10 |
| Sector: Financial Services M&A | 9 of 10 |
| Type: Merger M&A Deals | 1 of 2 |
| State: Florida M&A | 1 of 1 |
| Country: United States M&A | 9 of 10 |
| Year: 2018 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-11-22 |
Concord Wealth Management
Matawan, New Jersey, United States Concord, which operates out of the Northeast as part of the outsourced asset management industry, provides comprehensive wealth management platforms to investment advisors (primarily bank wealth management and trust departments) that are moving away from proprietary account management to external professional management. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-13 |
Bay Bank
Lutherville, Maryland, United States Bay Bank was placed into receivership by the FDIC and purchased through a Purchase & Assumption transaction. Bay Bank will primarily pursue organic growth in the Baltimore/Washington market with an expanding banking officer team and, over time, evaluate additional failed bank acquisitions as well as in-market consolidation opportunities. Bay Bank was founded in 2010 and is based in Lutherville, Maryland. |
Sell | - |
