M&A Deal Summary

Truist Acquires Mason-Dixon Bancshares

On July 15, 1999, Truist acquired financial services company Mason-Dixon Bancshares for 234M USD

Acquisition Highlights
  • This is Truist’s 12th transaction in the Financial Services sector.
  • This is Truist’s 21st largest (disclosed) transaction.
  • This is Truist’s 13th transaction in the United States.
  • This is Truist’s 2nd transaction in Maryland.

M&A Deal Summary
Date 1999-07-15
Target Mason-Dixon Bancshares
Sector Financial Services
Buyer(s) Truist
Deal Type Add-on Acquisition
Deal Value 234M USD

Target

Mason-Dixon Bancshares

Westminster, Maryland, United States
Mason-Dixon Bancshares, Inc. is a provider of banking services.

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Buyer(S) 1

Buyer

Truist

Charlotte, North Carolina, United States
Category Company
Founded 1872
Sector Financial Services
Employees49,218
Revenue 23.4B USD (2023)
DESCRIPTION
BB&T's corporate headquarters in Winston-Salem, North Carolina.
BB&T's corporate headquarters in Winston-Salem, North Carolina.

Truist is a financial services company. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Truist was founded in 1872 and is headquartered in Charlotte, North Carolina.

DEAL STATS #
Overall 13 of 50
Sector (Financial Services) 12 of 42
Type (Add-on Acquisition) 13 of 45
State (Maryland) 2 of 4
Country (United States) 13 of 50
Year (1999) 5 of 8
Size (of disclosed) 21 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-28 First Liberty Financial

Macon, Georgia, United States

First Liberty Financial Corp. is a regional community banking network.

Buy $500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-28 Premier Bancshares

Atlanta, Georgia, United States

Premier Bancshares, Inc. is a Georgia bank and share of deposits in metropolitan Atlanta.

Buy $624M
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