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  6. Premier Business Bank Acquires First Mountain Bank

M&A Deal Summary

Premier Business Bank Acquires First Mountain Bank

On June 22, 2015, Premier Business Bank acquired financial services company First Mountain Bank for 13M USD

Acquisition Highlights
  • This is Premier Business Bank’s 1st transaction in the Financial Services sector.
  • This is Premier Business Bank’s largest (disclosed) transaction.
  • This is Premier Business Bank’s 1st transaction in the United States.
  • This is Premier Business Bank’s 1st transaction in California.

M&A Deal Summary
Date 2015-06-22
Target First Mountain Bank
Sector Financial Services
Buyer(s) Premier Business Bank
Deal Type Add-on Acquisition
Deal Value 13M USD

Target

First Mountain Bank

Big Bear Lake, California, United States
First Mountain Bank is a provider of banking services and company operates in three banking offices in Big Bear Lake, Running Springs, and Lucerne Valley, California.

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Buyer(S) 1

Buyer

Premier Business Bank

Los Angeles, California, United States
Category Company
Founded 2014
Sector Financial Services
DESCRIPTION

Premier Business Bank operates two banking offices in Los Angeles and Palos Verdes,California and is wholly owned by PBB Bancorp.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1
Size (of disclosed) 1 of 1
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