M&A Deal Summary

Solera National Bancorp Acquires Liberty Savings Bank F.S.B.

On February 20, 2013, Solera National Bancorp acquired financial services company Liberty Savings Bank F.S.B. from First Financial Bank for 12M USD

Acquisition Highlights
  • This is Solera National Bancorp’s 1st transaction in the Financial Services sector.
  • This is Solera National Bancorp’s largest (disclosed) transaction.
  • This is Solera National Bancorp’s 1st transaction in the United States.
  • This is Solera National Bancorp’s 1st transaction in Ohio.

M&A Deal Summary
Date 2013-02-20
Target Liberty Savings Bank F.S.B.
Sector Financial Services
Buyer(s) Solera National Bancorp
Sellers(s) First Financial Bank
Deal Type Divestiture
Deal Value 12M USD

Target

Liberty Savings Bank F.S.B.

Wilmington, Ohio, United States
Liberty Savings Bank, F.S.B. is a provider of federal savings bank services.

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Buyer(S) 1

Buyer

Solera National Bancorp

Lakewood, Colorado, United States
Category Company
Founded 2006
Sector Financial Services
Revenue 13M USD (2013)
DESCRIPTION

Solera National Bancorp, Inc. is a provider of financial services.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

First Financial Bank

Cincinnati, Ohio, United States
Category Company
Founded 1863
Sector Financial Services
Employees2,108
Revenue 709M USD (2022)
DESCRIPTION

First Financial Bank is a mid-sized, regional bank holding company. First Financial engages in the business of commercial banking and other banking and banking-related activities through its wholly owned subsidiary, First Financial Bank. The range of banking services provided by First Financial to individuals and businesses includes commercial lending, real estate lending, and consumer financing. In addition, a full range of trust and wealth management services is also provided through First Financial’s Wealth Management division. First Financial Bank was incorporated in 1863 and is based in Cincinnati, Ohio.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 2 of 2
Type (Divestiture) 3 of 3
State (Ohio) 1 of 1
Country (United States) 3 of 3
Year (2013) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-16 Flagstar Bank FSB 22 Retail Banking Branches

Indiana, United States

Flagstar Bank, FSB, 22 Retail Banking Branches in Indiana comprises deposits of $525.9 million and 22 retail banking branches.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-18 The First Bexley Bank

Bexley,, Ohio, United States

The First Bexley Bank is a provider of banking and financial services to individuals and commercial customers in Franklin County and its surrounding areas in Central Ohio from its full-service banking location in Bexley, Ohio.

Buy $45M
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