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New Deal


Announced

First Guaranty Bank to acquire Lone Star 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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Majority

United States

Acquisition

Private

Pending

Single Bidder

Domestic

Friendly

Banks

banking services

Synopsis

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First Guaranty Bank, a financial holding company, agreed to acquire Lone Star Bank, a bank holding company. Financial terms were not disclosed. “We are excited to welcome Lone Star Bank customers and staff into our corporate family. First Guaranty Bank’s philosophy and goal is to have a strong presence in the communities we serve and to be a strong contributor to the communities. We look forward to spreading this philosophy in the Houston market,” Alton J. Lewis, FGB Vice-Chairman, President and CEO.

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