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New Deal


Announced

Completed

Bogota Savings Bank completed the merger with Gibraltar Bank.

Financials

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

Tags

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bank

Acquisition

Friendly

bank data aggregation

banking

Majority

Banks

bank holding company

Private

Single Bidder

Merger

United States

Domestic

Completed

Synopsis

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Bogota Savings Bank, a banking services provider, completed the merger with Gibraltar Bank, a commercial banking services provider. Financial terms were not disclosed. “We are pleased to partner with Gibraltar, a bank with similar culture and values. We are very familiar with Gibraltar and believe the bank will be a great complement to us. This combination will be positive for both banks and ensures a stronger local banking presence throughout our communities. We look forward to having a greater impact in our market area,” Joseph Coccaro, Bogota Bank President and CEO.

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