.
MergerLinks Header Logo

New Deal


Announced

Completed

Zions-backed Nevada State Bank completed the acquisition of three Northern Nevada branches from City National Bank.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Banks

Majority

banking services

Single Bidder

Domestic

Acquisition

Friendly

United States

Private

Completed

Synopsis

Edit

Zions-backed Nevada State Bank, a full-service bank with branches statewide, completed the acquisition of three Northern Nevada branches from City National Bank, a bank headquartered at City National Plaza in Los Angeles. Financial terms were not disclosed. "It will be business as usual for the clients of these City National branches while we complete all the necessary transaction details. We look forward to welcoming both City National clients and banking professionals into our Nevada State Bank family. Nevada State Bank is a strong community partner with deep roots in our Nevada soil and more than 60 years of growing and serving the financial needs of our communities," Terry Shirey, Nevada State Bank President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US