M&A · Financials · Buyer's industry: State Commercial Banks
First Bancorp to acquire Grandsouth Bancorporation
Announced Jun 21, 2022 · Closed Jan 4, 2023 · Private target
Deal value$181M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock
Transaction
- Acquirer
- First Bancorp (FBNC)
- Target
- Grandsouth Bancorporation
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Jan 4, 2023
Deal protections
Not disclosed for private-company acquisitions.
Advisors
- To the acquirer
- Stifel
- To the target
- Piper Sandler
Classification
- Sector
- Financials
- Buyer's industry
- State Commercial Banks