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New Deal


Announced

Completed

First Bancorp completed the merger with GrandSouth Bancorporation in a $181m deal.

Financials

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Transaction Value£148m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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banking services

United States

Acquisition

bank

Friendly

Domestic

Single Bidder

Banks

Merger

Majority

Public

Completed

Synopsis

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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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