.
MergerLinks Header Logo

Announced

Completed

First Community Bankshares completed its merger with Highlands Bankshares in a $91m deal.

Financials

Edit Data
Transaction Value£73m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Synopsis

Edit

First Community Bankshares, parent company of First Community Bank, completed its merger with Abingdon, VA-based Highlands Bankshares, parent company of Highlands Union Bank, in a $91m deal. "First Community will be an excellent partner when it comes to culture, commitment to customer satisfaction, and involvement in our local communities. Our customers will have access to a broader product offering and branch network while continuing to receive service that exceeds their expectations. Our employees will join a familiar culture and our shareholders will enjoy the benefits of being part of a high-performing $2.8bn asset franchise," Bryan Booher, Highlands Interim CEO and President.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US