M&A · Financials · Buyer's industry: State Commercial Banks
Summit Financial Group, Inc. to acquire PSB Holding Corp
Announced Dec 12, 2022 · Closed Apr 3, 2023 · Private target
Deal value$54M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock$35.00 per share
Transaction
- Acquirer
- Summit Financial Group, Inc. (SMMF)
- Target
- PSB Holding Corp
- Buyer type
- Strategic
- Offer price per share
- $35.00
- Enterprise value
- —
- Status
- Closed Apr 3, 2023
Deal protections
Not disclosed for private-company acquisitions.
Advisors
- To the acquirer
- Not disclosed
- To the target
- Piper Sandler
Classification
- Sector
- Financials
- Buyer's industry
- State Commercial Banks