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New Deal


Announced

Dogwood State Bank to merge with Community First Bank.

Financials

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Transaction Value-
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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bank holding company

banking products

Banks

United States

Acquisition

Domestic

Majority

Public

Pending

Friendly

Single Bidder

Synopsis

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Dogwood State Bank, a North Carolina state-chartered community bank, agreed to merge with Community First Bank, a multi-state bank. Financial terms were not disclosed. "The partnership with Community First Bancorporation unlocks long-term growth potential for shareholders and access to significant scale in the Upstate of South Carolina. With this transaction, we will have a meaningful presence in the largest major growth markets in the Carolinas," Steve Jones, Dogwood State Bank President and CEO.

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