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New Deal


Announced

First Financial Corporation to acquire SimplyBank for $73m.

Financials

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Transaction Value£60m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Majority

community bank

United States

Banks

Acquisition

Pending

Friendly

Single Bidder

Private

Merger

Synopsis

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First Financial Corporation, a consumer lending company, agreed to acquire SimplyBank, a privately-owned community bank, for $73m. “This acquisition is exciting for our company. SimplyBank provides us with an opportunity to deepen our commitment to the Tennessee market while expanding into attractive new MSAs. We look forward to continuing SimplyBank’s commitment to its customers and the communities it serves,” Norman L. Lowery, First Financial Corporation President and CEO.

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