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Announced

Completed

First Financial Bankshares completed the acquisition of TB&T Bancshares for $190m.

Financials

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Transaction Value£152m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Synopsis

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First Financial Bankshares, a financial holdings company, completed the acquisition of TB&T Bancshares, and its wholly-owned subsidiary, The Bank & Trust of Bryan/College Station, two commercial banks, for $190m. "We are excited to welcome the TB&T team into the First Financial family. This well-managed, high performing bank in the high growth Bryan/College Station market will be an excellent addition to our Company. We are most impressed with the employees, officers, management and board of this quality bank, who share our same values, philosophies and commitment to outstanding customer service," F. Scott Dueser, First Financial Chairman, President and CEO.

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