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Announced

Completed

Enterprise Financial Services completed the merger with Seacoast Commerce Banc in a $156m deal.

Financials

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Transaction Value£115m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Domestic

Merger

United States

Friendly

commercial banking

Single Bidder

Private

Banks

Majority

Completed

Synopsis

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Enterprise Financial Services, a financial holding company, completed the merger with Seacoast Commerce Banc Holdings, a commercial bank, in a $156m deal. “We are thrilled with the completion of the merger of our two organizations. The addition of one of the top SBA lenders in the nation complements our commercial and specialty lending verticals, while enhancing our funding profile with Seacoast’s deposit expertise in the property management, homeowners’ associations, and escrow services. We believe the acquisition of Seacoast will help us meet the needs of our customers while delivering continued shareholder value,” Jim Lally, Enterprise Financial President and Chief Executive Officer.

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