.
MergerLinks Header Logo

New Deal


Announced

First Community Bankshares to acquire Surrey Bancorp for $113m.

Financials

Edit Data
Transaction Value£95m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Single Bidder

Domestic

Friendly

United States

Banks

Acquisition

Merger

Majority

bank holding company

Public

Pending

Synopsis

Edit

First Community Bankshares, a bank holding company, agreed to acquire Surrey Bancorp, a banking services provider, for $113m. “When considering a long-term partner, we wanted a bank that shared our values of providing the highest level of banking services to our community, valued its employees and performed at a level worthy of its shareholders. In First Community, we found all those qualities and are confident that our combined franchise will continue to generate value for all our stakeholders," Edward C. Ashby, Surrey CEO and Director.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US