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New Deal


Announced

First Bancorp of Taylorville to acquire Mackinaw Valley Financial Services.

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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Domestic

Banks

Single Bidder

United States

Friendly

Acquisition

Private

banking services

commercial banking

Majority

Pending

Synopsis

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First Bancorp of Taylorville, a bank holding company, agreed to acquire Mackinaw Valley Financial Services, a commercial bank. Financial terms were not disclosed. "Our companies share similar values and our partnership will reinforce the foundation for an extraordinary community bank that puts our customers, employees, and communities first. We look forward to entering attractive new markets that are a logical extension of our existing operations," Linda Crawford, First Bancorp of Taylorville President & Director.

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