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Announced

DLP Bancshares completed the acquisition of Northern Florida 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-

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Single Bidder

Completed

Friendly

Majority

United States

Banks

financial services

bank

Acquisition

Domestic

Private

Synopsis

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DLP Bancshares, a bank holding company, completed the acquisition of Northern Florida Bank, a commercial bank. Financial terms were not disclosed. “Community State Bank is a tremendous asset to its community, and we have plans to honor its rich history of quality and client service while at the same time contributing additional capital to position the bank for growth. We are excited to welcome all the employees of the bank to our DLP family while installing an exceptional Board of Directors to oversee the bank’s future success,” Don Wenner, DLP Bancshares Investor.

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