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  5. The First Bank Acquires The Heritage Bank

M&A Deal Summary

The First Bank Acquires The Heritage Bank

On December 12, 2022, The First Bank acquired financial services company The Heritage Bank

Acquisition Highlights
  • This is The First Bank’s 12th transaction in the Financial Services sector.
  • This is The First Bank’s 12th transaction in the United States.
  • This is The First Bank’s 1st transaction in Georgia.

M&A Deal Summary
Date 2022-12-12
Target The Heritage Bank
Sector Financial Services
Buyer(s) The First Bank
Deal Type Merger

Target

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.

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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 12 of 12
Sector: Financial Services M&A 12 of 12
Type: Merger M&A Deals 3 of 3
State: Georgia M&A 1 of 1
Country: United States M&A 12 of 12
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 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.

Buy $117M
Mergr

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