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  6. Virginia Partners Bank Acquires Johnson Mortgage Co.

M&A Deal Summary

Virginia Partners Bank Acquires Johnson Mortgage Co.

On December 15, 2017, Virginia Partners Bank acquired financial services company Johnson Mortgage Co.

Acquisition Highlights
  • This is Virginia Partners Bank’s 1st transaction in the Financial Services sector.
  • This is Virginia Partners Bank’s 1st transaction in the United States.
  • This is Virginia Partners Bank’s 1st transaction in Virginia.

M&A Deal Summary
Date 2017-12-15
Target Johnson Mortgage Co.
Sector Financial Services
Buyer(s) Virginia Partners Bank
Deal Type Add-on Acquisition

Target

Johnson Mortgage Co.

Newport News, Virginia, United States
Johnson Mortgage Co. LLC is a residential mortgage company offers a full line of secondary market loans. Johnson Mortgage was founded in 1997 and is based in in Newport News, Virginia, with a branch office in Williamsburg, Virginia.

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Buyer(S) 1

Buyer

Virginia Partners Bank

Fredericksburg, Virginia, United States
Category Company
Founded 2008
Sector Financial Services
DESCRIPTION

Virginia Partners Bank is an own and operator of a full service branch and commercial banking office in La Plata and a Loan Production Office in Annapolis.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
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