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New Deal


Announced

Bank7 completed the acquisition of Cornerstone 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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Friendly

Domestic

Majority

Private

Acquisition

banking

United States

Single Bidder

Banks

Completed

Synopsis

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Bank7, a bank holding company, completed the acquisition of Cornerstone Bank, a provider of banking services. Financial terms were not disclosed. "We are happy to announce the completion of the Cornerstone acquisition and we look forward to working closely with our new team members and also serving our new customers. The Cornerstone customers will continue to work with their longtime bankers and benefit from their great service. We look forward to a successful integration and also achieving our financial goals to the benefit of all shareholders," Thomas L. Travis, Bank7 CEO.

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