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New Deal


Announced

Completed

Associated completed the acquisition of First Staunton for $76m.

Financials

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Transaction Value£59m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Private

financial services

Majority

Single Bidder

Banks

bank

Acquisition

Completed

Friendly

Synopsis

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Associated, a US regional bank, completed the acquisition of First Staunton, a provider of financial services, for $76m. "We have great respect for First National Bank in Staunton and their commitment to providing quality financial services to their customers. Both of our organizations are built around customer-centric strategies and understand the importance of delivering increasing value to both the customers and the communities we serve," Philip B. Flynn, Associated president and CEO.

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