M&A Deal Summary

The Colonial BancGroup Acquires P.C.B. Bancorp

On May 18, 2004, The Colonial BancGroup acquired financial services company P.C.B. Bancorp

Acquisition Highlights
  • This is The Colonial BancGroup’s 1st transaction in the Financial Services sector.
  • This is The Colonial BancGroup’s 1st transaction in the United States.
  • This is The Colonial BancGroup’s 1st transaction in Florida.

M&A Deal Summary

Date 2004-05-18
Target P.C.B. Bancorp
Sector Financial Services
Buyer(s) The Colonial BancGroup
Deal Type Add-on Acquisition

Target

P.C.B. Bancorp

Largo,, Florida, United States
P.C.B. Bancorp, Inc. is a multi-bank holding company.

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Buyer(S) 1

Buyer

The Colonial BancGroup

Montgomery,, Alabama, United States

Category Company
Founded 1974
Sector Financial Services
Employees4,627
DESCRIPTION

The Colonial BancGroup, Inc. provides retail and commercial banking, wealth management services, mortgage banking, and insurance products.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2004 M&A 1 of 1