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New Deal


Announced

Merchants & Marine Bank to acquire Mississippi River 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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Domestic

Private

Friendly

United States

community bank

Banks

Acquisition

Majority

Pending

Single Bidder

Synopsis

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Merchants & Marine Bank, a Mississippi-chartered community bank, agreed to acquire Mississippi River Bank, a community bank. Financial terms were not disclosed. “We are delighted to welcome Mississippi River Bank to our growing family of community banking brands. The tradition of top-level financial performance established by Mississippi River Bank’s leadership, paired with their stellar record of service make them an exciting addition to our company. We look forward to working with Mike, Lisa and the entire Mississippi River Bank team to continue serving Plaquemines Parish and the West Bank for decades to come,” Clayton Legear, Merchants & Marine Bank CEO.

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