M&A Deal Summary

State Bank Financial Acquires Security Bank

On July 24, 2009, State Bank Financial acquired financial services company Security Bank from Federal Deposit Insurance

Acquisition Highlights
  • This is State Bank Financial’s 1st transaction in the Financial Services sector.
  • This is State Bank Financial’s 1st transaction in the United States.
  • This is State Bank Financial’s 1st transaction in Georgia.

M&A Deal Summary
Date 2009-07-24
Target Security Bank
Sector Financial Services
Buyer(s) State Bank Financial
Sellers(s) Federal Deposit Insurance
Deal Type Divestiture

Target

Security Bank

Macon, Georgia, United States
Security Bank Corp. is a operator of six community banks with banking offices located throughout middle Georgia, coastal Georgia and north metropolitan Atlanta. In addition, Security Bank Corporation operates a mortgage subsidiary, Fairfield Financial Services, Inc., with offices located throughout 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 1 of 13
Sector (Financial Services) 1 of 11
Type (Divestiture) 1 of 7
State (Georgia) 1 of 12
Country (United States) 1 of 13
Year (2009) 1 of 3
FOLLOWING 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 -

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 3 of 41
Sector (Financial Services) 3 of 41
Type (Divestiture) 3 of 41
State (Georgia) 2 of 22
Country (United States) 3 of 41
Year (2009) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-19 Southern Community Bank

Fayetteville,, Georgia, United States

Southern Community Bank is a commercial bank that offers personal and business banking services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-14 Community Bank of Arizona

Phoenix, Arizona, United States

Community Bank of Arizona is a provider of banking services and products. As of June 30, 2009, Community Bank of Arizona had total assets of $158.5 million and total deposits of approximately $143.8 million.

Sell -
Mergr

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