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New Deal


Announced

MC Bank & Trust to acquire Heritage Bank of St. Tammany.

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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United States

savings bank

Banks

Domestic

Majority

Private

Pending

Friendly

Single Bidder

Acquisition

Synopsis

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MC Bank & Trust, a Louisiana-chartered bank, agreed to acquire Heritage Bank of St. Tammany, a federally chartered savings bank. Financial terms were not disclosed. "We are pleased to announce that we are partnering with Heritage Bank to expand our presence in St. Tammany Parish. As local Louisiana banks, we share similar core values and a relationship-centric approach to serving the communities that we are fortunate to be a part of. This transaction is a very natural and contiguous expansion of our current footprint," Chris LeBato, M C Bank CEO.

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