M&A Deal Summary

The First Bank Acquires Iberville Bank

On October 14, 2016, The First Bank acquired financial services company Iberville Bank from A. Wilbert’s Sons Lumber and Shingle for 31M USD

Acquisition Highlights
  • This is The First Bank’s 5th transaction in the Financial Services sector.
  • This is The First Bank’s 5th largest (disclosed) transaction.
  • This is The First Bank’s 5th transaction in the United States.
  • This is The First Bank’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2016-10-14
Target Iberville Bank
Sector Financial Services
Buyer(s) The First Bank
Sellers(s) A. Wilbert’s Sons Lumber and Shingle
Deal Type Divestiture
Deal Value 31M USD

Target

Iberville Bank

Plaquemine, Louisiana, United States
Iberville Bank is a community bank that speacializes in deposit and lending services throughout southeast Louisiana.

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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 5 of 12
Sector (Financial Services) 5 of 12
Type (Divestiture) 1 of 2
State (Louisiana) 1 of 2
Country (United States) 5 of 12
Year (2016) 2 of 2
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-14 Gulf Coast Community Bank

Gulf Breeze, Florida, United States

Gulf Coast Community Bank is a provider of financial services in US.

Buy $2M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-24 Southwest Banc Shares

San Antonio, Texas, United States

Southwest Bancshares, Inc. is a bank holding company for The Bank of San Antonio which provides business and personal banking services in San Antonio. The company was founded in 2007 and is based in San Antonio, Texas.

Buy -

Seller(S) 1

SELLER

A. Wilbert’s Sons Lumber and Shingle

Plaquemine, Louisiana, United States
Category Company
Sector Financial Services
DESCRIPTION

A. Wilbert’s Sons Lumber and Shingle Co. is a provider of financial services.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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