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M&A Deal Summary

National Commerce Acquires United Legacy Bank

On June 4, 2014, National Commerce acquired financial services company United Legacy Bank from The United Group

Acquisition Highlights
  • This is National Commerce’s 1st transaction in the Financial Services sector.
  • This is National Commerce’s 1st transaction in the United States.
  • This is National Commerce’s 1st transaction in Florida.

M&A Deal Summary
Date 2014-06-04
Target United Legacy Bank
Sector Financial Services
Buyer(s) National Commerce
Sellers(s) The United Group
Deal Type Divestiture

Target

United Legacy Bank

Longwood, Florida, United States
United Legacy Bank is an owns and operator of community banks in metro Orlando. United Legacy has locations in the Winter Park, College Park, Oviedo-UCF, Longwood-South Seminole and Osceola County markets.

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Buyer(S) 1

Buyer

National Commerce

Birmingham, Alabama, United States
Category Company
Founded 2004
Sector Financial Services
Employees289
Revenue 116M USD (2017)
DESCRIPTION

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 1 of 4
Sector: Financial Services M&A 1 of 3
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 3
Country: United States M&A 1 of 4
Year: 2014 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-24 Corporate Billing

Decatur, Alabama, United States

Corporate Billing LLC is a provider of factoring, invoicing, collection and accounts receivable management services to automotive, trucking and manufacturing companies nationwide, enabling its clients to better manage their working capital needs.

Buy -

Seller(S) 1

SELLER

The United Group

Braintree, Massachusetts, United States
Category Company
Sector Distribution
DESCRIPTION

Wholesale distributor of wine and spirits to liquor retailers and to the hospitality industry.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-03-11 Whitehall Co.

Norwood, Massachusetts, United States

Whitehall Co., Ltd. engages in the distribution of wines, beers, and spirits in Massachusetts.

Buy -
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