M&A Deal Summary

Truist Acquires One Valley Bancorp

On July 7, 2000, Truist acquired financial services company One Valley Bancorp for 1.1B USD

Acquisition Highlights
  • This is Truist’s 16th transaction in the Financial Services sector.
  • This is Truist’s 7th largest (disclosed) transaction.
  • This is Truist’s 17th transaction in the United States.
  • This is Truist’s 2nd transaction in West Virginia.

M&A Deal Summary
Date 2000-07-07
Target One Valley Bancorp
Sector Financial Services
Buyer(s) Truist
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target

One Valley Bancorp

Charleston, West Virginia, United States
One Valley Bancorp, Inc. is a financial service provider.

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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 17 of 50
Sector (Financial Services) 16 of 42
Type (Add-on Acquisition) 17 of 45
State (West Virginia) 2 of 2
Country (United States) 17 of 50
Year (2000) 1 of 5
Size (of disclosed) 7 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-15 First Banking Company of Southeast Georgia

Statesboro, Georgia, United States

First Banking Company of Southeast Georgia is a banking service provider.

Buy $124M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-23 BankFirst

Knoxville, Tennessee, United States

BankFirst Corp. is a provider of financial services.

Buy $150M
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