M&A Deal Summary

The First Bank Acquires Beach Bank

On April 26, 2022, The First Bank acquired financial services company Beach Bank for 117M USD

Acquisition Highlights
  • This is The First Bank’s 11th transaction in the Financial Services sector.
  • This is The First Bank’s largest (disclosed) transaction.
  • This is The First Bank’s 11th transaction in the United States.
  • This is The First Bank’s 4th transaction in Florida.

M&A Deal Summary
Date 2022-04-26
Target Beach Bank
Sector Financial Services
Buyer(s) The First Bank
Deal Type Add-on Acquisition
Deal Value 117M USD
Advisor(s) Piper Sandler & Co. (Financial)
Smith Mackinnon (Legal)

Target

Beach Bank

Fort Walton Beach, Florida, United States
Beach Bank is a provider of financial services. Beach Bank was founded in 2001 and is based in Fort Walton Beach, Florida.

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Buyer(S) 1

Buyer

The First Bank

Hattiesburg, Mississippi, United States
Category Company
Founded 1995
Sector Financial Services
Revenue 290M USD (2023)
DESCRIPTION

The First Bank is a provider of financial services. The First Bank was founded in 1995 and is based in Hattiesburg, Mississippi.

DEAL STATS #
Overall 11 of 12
Sector (Financial Services) 11 of 12
Type (Add-on Acquisition) 7 of 7
State (Florida) 4 of 4
Country (United States) 11 of 12
Year (2022) 1 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 Cadence Bank - Seven Branches

Houston, Texas, United States

Cadence Bank branches provide corporations, middle-market companies, small businesses, and consumers with a full range of innovative banking and financial solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-12 The Heritage Bank

Hinesville, Georgia, United States

The Heritage Bank is a community bank that provides financial services to clients via online banking, mobile banking, and debit card management. The Heritage Bank is based in Hinesville, Georgia.

Buy -
Mergr

Product

Company

Legal