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New Deal


Announced

High Point Financial Services to merge with Durand Bancorp.

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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banking

Acquisition

Banks

Private

Single Bidder

Merger

Majority

Friendly

Pending

Domestic

United States

Synopsis

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High Point Financial Services, a parent company of Solutions Bank, agreed to merge with Durand Bancorp, a parent company of Durand State Bank. Financial terms were not disclosed. "We believe this combination will better align our resources, enhance our financial strength, and expand our product offerings and technology solutions, all of which will allow us to even better-serve our customers and communities," Kathy Sutherland, Durand President & CEO.

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