Announced
Financials
Tags
Domestic
Acquisition
Private
Merger
Banks
banking company
Single Bidder
United States
Majority
Pending
Friendly
Synopsis
InBank, a provider of banking services, agreed to merge with Legacy Bank, a firm providing financial products and services, in a $56m deal. "The combination will further leverage our significant investment in people, commercial treasury products, and technology while helping position InBank to be the premier locally-owned commercial bank. Legacy is great fit for us geographically, strategically, financially, and culturally. Both banks share the same values, culture, and commitment to our customers, communities, and associates, which should allow for a smooth integration," Ed Francis, InBankshares Chairman of the Board, President and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.