M&A Deal Summary |
|
---|---|
Date | 2017-07-23 |
Target | Eastern Virginia Bankshares |
Sector | Financial Services |
Buyer(s) | Primis Financial |
Sellers(s) |
Castle Creek Capital
GCP Capital Partners |
Deal Type | Merger |
Advisor(s) | Sandler O'Neill + Partners LP (Financial) Troutman Pepper Hamilton Sanders (Legal) |
SEARCH BY
Try For Free 7-Day Free Trial
Category | Company |
---|---|
Founded | 2004 |
Sector | Financial Services |
Employees | 382 |
Revenue | 126M USD (2022) |
Primis Financial is a provider of commercial banking services, making loans secured primarily by commercial real estate and other types of commercial loans to small and medium-sized businesses, as well as loans to individuals for a variety of purposes. Primis Financial was founded in 2004 is based in McLean, Virginia.
DEAL STATS | # |
---|---|
Overall | 1 of 1 |
Sector (Financial Services) | 1 of 1 |
Type (Merger) | 1 of 1 |
State (Virginia) | 1 of 1 |
Country (United States) | 1 of 1 |
Year (2017) | 1 of 1 |
Category | Asset Manager |
---|---|
Founded | 1992 |
PE ASSETS | 750M USD |
Size | Middle-Market |
Type | Sector Focused |
Castle Creek Capital is a private investment firm that makes control investments in U.S.-based community banks with less than $10 billion of assets. The firm specializes in operating, recapitalizing and strategically refocusing US based banks. Castle Creek targets smaller, healthier banks that are under-performing or lack critical mass. Castle Creek offers the resources to then implement a roll-up acquisition program. Castle Creek Capital LLC was founded in 1992 and is based in Rancho Santa Fe, California.
DEAL STATS | # |
---|---|
Overall | 11 of 15 |
Sector (Financial Services) | 11 of 15 |
Type (Merger) | 5 of 5 |
State (Virginia) | 1 of 2 |
Country (United States) | 11 of 15 |
Year (2017) | 1 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2016-12-13 |
Heritage Oaks Bancorp.
Paso Robles, California, United States Heritage Oaks Bancorp. is a holding company for Heritage Oaks Bank which provides personal and business banking solutions. With $2.0 billion in assets, Heritage Oaks Bancorp is headquartered in Paso Robles, California and is the holding company for Heritage Oaks Bank. Heritage Oaks Bank operates two branch offices each in Paso Robles and San Luis Obispo; single branch offices in Atascadero, Templeton, Cambria, Morro Bay, Arroyo Grande, Santa Maria, Goleta and Santa Barbara; as well as a single loan production office in Ventura/Oxnard. Heritage Oaks Bank conducts commercial banking business in San Luis Obispo, Santa Barbara, and Ventura counties. |
Sell | $406M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2017-11-22 |
WashingtonFirst Bankshares
Reston, Virginia, United States WashingtonFirst Bankshares, Inc. is a holding company for WashingtonFirst Bank which focuses on providing quality, tailored services to its customers, conducts a full service commercial banking operation through 15 offices, with nine located in Northern Virginia, three in Maryland and three in the District of Columbia. |
Sell | - |
Category | Merchant Bank |
---|---|
Founded | 2000 |
PE ASSETS | 1.2B USD |
Size | Large |
Type | Sector Agnostic |
GCP Capital Partners consists of GCP US, GCP Europe, and GCP Venture. GCP US targets North American acquisitions. The unit looks to invest $10 to $50 million in businesses valued up to $500 million. GCP Europe targets businesses in the UK and Europe. The European team looks to invest up to £40 million in companies valued up to £100 million. Sectors of interest include business services, education, energy, financial services, insurance and telecommunications.
DEAL STATS | # |
---|---|
Overall | 22 of 24 |
Sector (Financial Services) | 5 of 7 |
Type (Merger) | 2 of 2 |
State (Virginia) | 1 of 1 |
Country (United States) | 20 of 22 |
Year (2017) | 2 of 3 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2017-01-17 |
Transfast
New York, New York, United States Transfast is a provider of cross-border payments solutions to consumers and businesses around the world. The Company operates a multi-product, best-in-class payments network capable of processing payments across 120 countries and offering more than 1,000 currency pairs. Transfast was founded in 1988 and is based in New York. |
Sell | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2017-08-15 |
First Mariner Bank
Baltimore, Maryland, United States First Mariner Bank is a Maryland based community bank operating primarily throughout the central region of Maryland. First Mariner is an independent bank and operates 18 branches. First Mariner Bank was founded in 1920 and is based in Baltimore, Maryland. |
Sell | - |