M&A Deal Summary

Sunshine Bancorp. Acquires FBC Bancorp

On May 10, 2016, Sunshine Bancorp. acquired financial services company FBC Bancorp for 40M USD

Acquisition Highlights
  • This is Sunshine Bancorp.’s 3rd transaction in the Financial Services sector.
  • This is Sunshine Bancorp.’s largest (disclosed) transaction.
  • This is Sunshine Bancorp.’s 3rd transaction in the United States.
  • This is Sunshine Bancorp.’s 3rd transaction in Florida.

M&A Deal Summary
Date 2016-05-10
Target FBC Bancorp
Sector Financial Services
Buyer(s) Sunshine Bancorp.
Deal Type Add-on Acquisition
Deal Value 40M USD
Advisor(s) Raymond James - Investment Banking (Financial)
Smith Mackinnon (Legal)

Target

FBC Bancorp

Orlando, Florida, United States
FBC Bancorp, Inc. and its wholly owned subsidiary, Florida Bank of Commerce, is a financial institution with nearly $300 million in total assets and seven branch offices located in Brevard, Orange, Osceola, and Seminole Counties.

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Buyer(S) 1

Buyer

Sunshine Bancorp.

Plant City, Florida, United States
Category Company
Founded 1954
Sector Financial Services
Employees128
Revenue 13M USD (2015)
DESCRIPTION

Sunshine Bancorp. is a provider of financial services to individuals, families and businesses primarily located in Hillsborough, Orange, Pasco, and Polk Counties, Florida.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 3 of 3
Type (Add-on Acquisition) 2 of 2
State (Florida) 3 of 3
Country (United States) 3 of 3
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-17 First Federal Bank of Florida - Two Sarasota and Bradenton Branches

Florida, United States

First Federal Bank of Florida - Two Sarasota and Bradenton Branches is a provider of financial services.

Buy -
Mergr

Product

Company

Legal