M&A Deal Summary

NBH Bank Acquires Rock Canyon Bank

On April 18, 2022, NBH Bank acquired financial services company Rock Canyon Bank for 136M USD

Acquisition Highlights
  • This is NBH Bank’s 2nd transaction in the Financial Services sector.
  • This is NBH Bank’s largest (disclosed) transaction.
  • This is NBH Bank’s 2nd transaction in the United States.
  • This is NBH Bank’s 1st transaction in Utah.

M&A Deal Summary

Date 2022-04-18
Target Rock Canyon Bank
Sector Financial Services
Buyer(s) NBH Bank
Deal Type Merger
Deal Value 136M USD

Target

Rock Canyon Bank

Provo, Utah, United States
Rock Canyon Bank is a third-party SBA loan originator in the state of Utah dedicated to providing quality financial solutions in a secure and timely manner while providing the professional and personal attention you deserve. Rock Canyon Bank was formed in 1991 and is based in Provo, Utah.

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Buyer(S) 1

Buyer

NBH Bank

Greenwood Village, Colorado, United States

Category Company
Founded 2009
Sector Financial Services
Employees1,226
Revenue 420M USD (2023)
DESCRIPTION

NBH Bank is an operator of 86 banking centers located in Colorado, the greater Kansas City region and Texas. Through the Company's subsidiary, NBH Bank, it operates under the following brand names: Bank Midwest in Kansas and Missouri, Community Banks of Colorado in Colorado and Hillcrest Bank in Texas. NBH Bank was founded in 2009 and is based in Greenwood Village, Colorado.


DEAL STATS #
Overall 2 of 3
Sector (Financial Services) 2 of 3
Type (Merger) 1 of 1
State (Utah) 1 of 1
Country (United States) 2 of 3
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-26 Peoples

Williamsville, New York, United States

Peoples, Inc. is a provider of a full banking services, including providing commercial, mortgage and consumer loans, to its customers located primarily in the communities of Colorado Springs, Fountain, Leadville, Monument and Woodland Park, Colorado, Lawrence, Louisburg, Ottawa, Overland Park, Stanley and Stillwell, Kansas, and Albuquerque, Red River and Taos, New Mexico.

Buy $36M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-19 Cambr

New York, New York, United States

Cambr is a deposit acquisition and processing platform that generates core deposits from accounts offered through embedded finance companies. The company's business-to-business-to-consumer (B2B2C) model leverages the customer base and marketing spend across a wide range of embedded finance companies to source granular, diversified cash deposits in a highly cost-efficient manner. Cambr is based in New York, New York.

Buy -