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Announced

Completed

Townebank completed the acquisition of Farmers Bank for $56m.

Financials

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Transaction Value£46m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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bank

Single Bidder

Banks

Domestic

Acquisition

Majority

United States

Friendly

Public

Completed

Synopsis

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Townebank, a company that offers a full range of banking and other financial services, completed the acquisition of Farmers Bank, a bank, for $56m. “Our TowneBank family is humbled and excited to join hands with our long-time friends at Farmers. We believe our partnership can bring additional products and expanded services to the clients of Farmers Bank while helping our communities grow and prosper," G. Robert Aston, TowneBank Executive Chairman.

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