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New Deal


Announced

Maple Financial to merge with Oakwood Bancshares.

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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Merger

Friendly

Single Bidder

Private

Banks

bank holding company

United States

Acquisition

Majority

Domestic

Pending

Synopsis

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Maple Financial, the parent company of MapleMark Bank, agreed to merge with Oakwood Bancshares, the parent company of Oakwood Bank. Financial terms were not disclosed. "We are excited about the combination with Oakwood and their management team. Oakwood has earned its strong reputation throughout the community and we look forward to joining forces. Our shared culture, strategic vision and complementary strengths will provide significant value for shareholders and clients alike going forward. The combined company will benefit from enhanced scale, increased market share and an experienced leadership team," Tony Davis, MapleMark Chairman and CEO.

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