M&A · Financials · Buyer's industry: State Commercial Banks
First National Corp to acquire The Bank of Fincastle
Announced Feb 18, 2021 · Closed Jul 1, 2021 · Private target
Deal value$32M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationCash and stock$3.09 per share
Transaction
- Acquirer
- First National Corp (FXNC)
- Target
- The Bank of Fincastle
- Buyer type
- Strategic
- Offer price per share
- $3.09
- Enterprise value
- —
- Status
- Closed Jul 1, 2021
Deal protections
Not disclosed for private-company acquisitions.
Advisors
- To the acquirer
- Piper Sandler
- To the target
- Janney Montgomery Scott
Classification
- Sector
- Financials
- Buyer's industry
- State Commercial Banks