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Announced

Investor group led by Bartow Morgan to acquire Georgia Banking.

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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Single Bidder

United States

Majority

Friendly

mortgage products

Private

Pending

Banks

Acquisition

Domestic

Synopsis

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Investor group led by Bartow Morgan agreed to acquire Georgia Banking, a diversified financial services community bank and mortgage bank. Financial terms were not disclosed. "Elliott Miller has done an extraordinary job building one of the finest community banks in metro Atlanta. As our local economy continues to recover from the pandemic and begins a new growth phase, we plan to expand Georgia Banking Company's presence in commercial banking and add more services to help owners of mid-size businesses grow," Bartow Morgan, Georgia Banking Company CEO.

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