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New Deal


Announced

Vista Bank to acquire Charis 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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Friendly

bank

Acquisition

Banks

Majority

Domestic

Private

Pending

United States

Single Bidder

Synopsis

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Vista Bank, a financial services company offering commercial, business, and personal banking services, agreed to acquire Charis Bank, part of the Charis Family of Banks. Financial terms were not disclosed. "As a century-old company, we sought to partner with Vista Bank because their history and operating philosophy mirrors our own while allowing us to bring new financial capabilities and services to our loyal clients and the markets we serve. We are confident our stakeholders and communities will benefit from this transaction and the future growth of Vista Bank, and we look forward to becoming part of the Vista family," Ben Rathjen, Charis President and CEO.

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