M&A Deal Summary

State Bank Acquires Country Bank

On February 16, 2016, State Bank acquired financial services company Country Bank for 30M USD

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

M&A Deal Summary
Date 2016-02-16
Target Country Bank
Sector Financial Services
Buyer(s) State Bank
Deal Type Add-on Acquisition
Deal Value 30M USD
Advisor(s) Vining Sparks (Financial)
Lindquist & Vennum LLP (Legal)

Target

Country Bank

New York, New York, United States
Country Bank is a full service bank, offering commercial, consumer and residential mortgage lending along with a wide variety of services and deposit accounts.

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Buyer(S) 1

Buyer

State Bank

ake Havasu City, Arizona, United States
Category Company
Founded 1991
Sector Financial Services
Employees77
DESCRIPTION

State Bank Corp. is a parent company of Mohave State Bank provides deposit and loan products, and convenient on-line banking to individuals, businesses and professionals.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal