Announced
Completed
Financials
Tags
banking services
United States
Acquisition
bank
Friendly
Domestic
Single Bidder
Banks
Merger
Majority
Public
Completed
Synopsis
First Bancorp, a bank holding company, completed the merger with GrandSouth Bancorporation, a bank holding company, in a $181m deal. "We are very excited about this partnership and the unique opportunity it presents, we have long admired First Bancorp, and our combined company will be positioned to capitalize on an enhanced presence in exceptional markets, talent, and financial strength," J.B. Schwiers, GrandSouth President.
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