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New Deal


Announced

Completed

BankFirst Capital completed the acquisition of Tate Financial and Sycamore Bank.

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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Acquisition

Majority

United States

Domestic

Banks

Single Bidder

Private

Friendly

Completed

commercial banks

Synopsis

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BankFirst Capital, a registered bank holding company, completed the acquisition of Tate Financial, a parent company of Sycamore Bank, a commercial bank. Financial terms were not disclosed. "Tate Financial and Sycamore Bank are excited to be partnering with a relationship-focused financial institution that has a rich history of supporting its communities and which will provide all Sycamore Bank clients with the same friendly service they are accustomed to and a wider array of services, products and locations. This presents an opportunity for our customers to enjoy expanded locations and convenience with the same quality banking services that they have come to expect," MJ Tindall, Tate and Sycamore Bank CEO and Chairman.

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