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New Deal


Announced

Lamar Street to acquire Fidelity Bancshares.

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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bank

United States

Acquisition

Domestic

Majority

Single Bidder

Friendly

Pending

Private

Banks

Synopsis

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Lamar Street, a community banking industry service provider, agreed to acquire Fidelity Bancshares, a community bank. Financial terms were not disclosed. "We are grateful to find an excellent partner in Fidelity Bank of Texas. This partnership will allow us to continue serving Waco and expand our ability to be part of a vibrant community banking market. We are excited to work with the experienced Fidelity Bank of Texas team," Robert Strong, Lamar Street Founding Member.

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