M&A Deal Summary |
|
|---|---|
| Date | 2015-11-09 |
| Target | Bank of Georgetown |
| Sector | Financial Services |
| Buyer(s) | United Bank |
| Deal Type | Add-on Acquisition |
| Deal Value | 269M USD |
| Advisor(s) | Keefe, Bruyette, & Woods, Inc. (Financial) Covington & Burling (Legal) |
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| Category | Company |
|---|---|
| Founded | 1982 |
| Sector | Financial Services |
| Employees | 2,716 |
| Revenue | 1.0B USD (2023) |
United Bank is a bank holding company with full service banking offices in West Virginia, Virginia, Washington, DC, Maryland, Ohio, and Pennsylvania. United Bank was founded in 1982 and is based in Charleston, West Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 22 |
| Sector (Financial Services) | 17 of 21 |
| Type (Add-on Acquisition) | 18 of 19 |
| State (District of Columbia) | 2 of 2 |
| Country (United States) | 18 of 22 |
| Year (2015) | 1 of 1 |
| Size (of disclosed) | 5 of 21 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-31 |
Virginia Commerce Bancorp
Arlington, Virginia, United States Virginia Commerce Bancorp has $2.8 billion in assets and 28 banking offices, one residential mortgage origination office and one wealth management office. VCBI locations are in the Northern Virginia suburbs of Washington, D.C. With the acquisition of VCBI, United’s assets will grow to approximately $11.2 billion. |
Buy | $467M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-08-18 |
Cardinal Financial
McLean, Virginia, United States Cardinal Financial Corp. is a financial holding company serves the washington metropolitan region through its wholly-owned subsidiary Cardinal Bank with over 30 conveniently located banking offices. Cardinal, with $4.2 billion in assets, provides banking services through its subsidiary bank, Cardinal Bank, which has a network of 30 branches throughout Virginia, Maryland and Washington, D.C |
Buy | $912M |
