M&A Deal Summary |
|
|---|---|
| Date | 2017-10-30 |
| Target | Citizens National Bank |
| Sector | Financial Services |
| Buyer(s) | Old Point National Bank |
| Deal Type | Add-on Acquisition |
| Deal Value | 8M USD |
| Advisor(s) | Performance Trust Capital Partners (Financial) Williams Mullen (Legal) |
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| Category | Company |
|---|---|
| Founded | 1922 |
| Sector | Financial Services |
| Revenue | 62M USD (2023) |
Old Point National Bank offers a full range of retail and commercial financial services, including mortgage loan products offered through Old Point Mortgage. A full array of insurance products is also offered through Old Point Insurance, LLC in partnership with Morgan Marrow Company. Wealth offers a full range of services for individuals and businesses. Their products and services include retirement planning, estate planning, financial planning, estate and trust administration, retirement plan administration, tax services and investment management services. Old Point Financial was founded in 1922 and is based in Hampton, Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Financial Services M&A | 2 of 2 |
| Type: Add-on Acquisition M&A Deals | 1 of 1 |
| State: Virginia M&A | 2 of 2 |
| Country: United States M&A | 2 of 2 |
| Year: 2017 M&A | 2 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-01-24 |
Old Point Mortgage
Virginia Beach, Virginia, United States Old Point Mortgage is a provider of financial services in US. |
Buy | - |
