M&A Deal Summary

Southside Bank Acquires Diboll State Bancshares

On June 12, 2017, Southside Bank acquired financial services company Diboll State Bancshares for 219M USD

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

M&A Deal Summary
Date 2017-06-12
Target Diboll State Bancshares
Sector Financial Services
Buyer(s) Southside Bank
Deal Type Merger
Deal Value 219M USD
Advisor(s) Hovde Group LLC (Financial)

Target

Diboll State Bancshares

Diboll, Texas, United States
Diboll State Bancshares, Inc. was a mortgage lender based in Diboll, Texas.

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Buyer(S) 1

Buyer

Southside Bank

Tyler, Texas, United States
Category Company
Founded 1960
Sector Financial Services
Employees815
Revenue 251M USD (2023)
DESCRIPTION

Southside Bank operates as a bank holding company for Southside Bank, focused on providing financial services to individuals, businesses, municipal entities, and nonprofit organizations. Southside Bank was founded in 1960 and is based in Tyler, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Merger) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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