M&A Deal Summary

State Bank Financial Acquires Northwest Bank & Trust of Acworth

On July 30, 2010, State Bank Financial acquired financial services company Northwest Bank & Trust of Acworth from Federal Deposit Insurance

Acquisition Highlights
  • This is State Bank Financial’s 4th transaction in the Financial Services sector.
  • This is State Bank Financial’s 4th transaction in the United States.
  • This is State Bank Financial’s 4th transaction in Georgia.

M&A Deal Summary
Date 2010-07-30
Target Northwest Bank & Trust of Acworth
Sector Financial Services
Buyer(s) State Bank Financial
Sellers(s) Federal Deposit Insurance
Deal Type Divestiture

Target

Northwest Bank & Trust of Acworth

Acworth, Georgia, United States
Northwest Bank & Trust of Acworth offers personal and commercial banking services. The bank was founded in 2004 and is based in Acworth, Georgia.

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Buyer(S) 1

Buyer

State Bank Financial

Atlanta, Georgia, United States
Category Company
Founded 2005
Sector Financial Services
Revenue 179M USD (2015)
DESCRIPTION

State Bank Financial Corp. is a provider of financial services. State Bank Financial was founded in 2005 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 4 of 13
Sector (Financial Services) 4 of 11
Type (Divestiture) 4 of 7
State (Georgia) 4 of 12
Country (United States) 4 of 13
Year (2010) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-04 The Buckhead Community Bank NA

Atlanta, Georgia, United States

The Buckhead Community Bank NA is a provider of banking services and products. The Buckhead Community Bank was founded in 1997 in Atlanta with branches in Buckhead and Midtown, as well as Sandy Springs, Alpharetta, Cobb County, Cumming and Gainesville. As of Sept. 30, 2009, the bank had $856.2 million in assets and $813.7 million in deposits.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-17 United Americas Bank NA

Atlanta, Georgia, United States

United Americas Bank NA offers commercial banking services to small and mid size businesses. United Americas Bank was founded in 1999. As of September 30, 2010, the bank reported total assets of about $242 million and total deposits of about $193.8 million.

Buy -

Seller(S) 1

SELLER

Federal Deposit Insurance

Washington, District of Columbia, United States
Category Company
Founded 1933
Sector Financial Services
DESCRIPTION

Federal Deposit Insurance Corp. provides financial services.The FDIC provides coverage for deposits in national banks, in state banks that are members of the Federal Reserve System, and in other qualified state banks.

DEAL STATS #
Overall 18 of 41
Sector (Financial Services) 18 of 41
Type (Divestiture) 18 of 41
State (Georgia) 8 of 22
Country (United States) 18 of 41
Year (2010) 9 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-18 Nevada Security Bank

Reno,, Nevada, United States

Nevada Security Bank is a commercial bank that offers personal and business banking services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-13 Palos Bank and Trust

Palos Heights, Illinois, United States

Palos Bank and Trust Company provides personal, commercial, and online banking services.

Sell -
Mergr

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Company

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