M&A Deal Summary

The First Bank Acquires The Mortgage Connection

On November 19, 2015, The First Bank acquired financial services company The Mortgage Connection

Acquisition Highlights
  • This is The First Bank’s 3rd transaction in the Financial Services sector.
  • This is The First Bank’s 3rd transaction in the United States.
  • This is The First Bank’s 1st transaction in Mississippi.

M&A Deal Summary
Date 2015-11-19
Target The Mortgage Connection
Sector Financial Services
Buyer(s) The First Bank
Deal Type Add-on Acquisition

Target

The Mortgage Connection

Jackson, Mississippi, United States
The Mortgage Connection LLC is an independent mortgage company.

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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 3 of 12
Sector (Financial Services) 3 of 12
Type (Add-on Acquisition) 3 of 7
State (Mississippi) 1 of 1
Country (United States) 3 of 12
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-06 BCB Holding

Theodore, Alabama, United States

BCB Holding Co., Inc. is a bank holding company of Bay Bank that provides commercial and retail banking services.

Buy $7M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-14 Iberville Bank

Plaquemine, Louisiana, United States

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

Buy $31M
Mergr

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