M&A Deal Summary

The First Bank Acquires Florida Parishes Bank

On November 6, 2018, The First Bank acquired financial services company Florida Parishes Bank for 86M USD

Acquisition Highlights
  • This is The First Bank’s 8th transaction in the Financial Services sector.
  • This is The First Bank’s 2nd largest (disclosed) transaction.
  • This is The First Bank’s 8th transaction in the United States.
  • This is The First Bank’s 2nd transaction in Louisiana.

M&A Deal Summary
Date 2018-11-06
Target Florida Parishes Bank
Sector Financial Services
Buyer(s) The First Bank
Deal Type Merger
Deal Value 86M USD
Advisor(s) Sandler O'Neill + Partners LP (Financial)
Silver Freedman Taff & Tiernan (Legal)

Target

Florida Parishes Bank

Hammond, Louisiana, United States
Florida Parishes Bank is a community bank with seven locations in the Hammond, Louisiana and New Orleans, Louisiana area. Florida Parishes Bank has been the bank of choice for many families and businesses throughout southeast Louisiana. Chartered in June of 1922 by a group of concerned citizens who pooled their money to establish a mutual association to help local families obtain home loans, Florida Parishes Homestead Association was born.

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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 8 of 12
Sector (Financial Services) 8 of 12
Type (Merger) 1 of 3
State (Louisiana) 2 of 2
Country (United States) 8 of 12
Year (2018) 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-06 Sunshine Financial

Tallahassee, Florida, United States

Sunshine Financial, Inc. is a holding company of Sunshine Community Bank, a community savings bank with five branch locations in Tallahassee, Florida.

Buy $32M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 First Florida Bancorp

Destin, Florida, United States

First Florida Bancorp, Inc. is the holding company of First Florida Bank, a community bank with six full-service offices and one loan production office serving the areas of Destin, Fort Walton, Crestview and Panama City, Florida.

Buy $85M
Mergr

Product

Company

Legal