M&A · Financials · Buyer's industry: State Commercial Banks
Colony Bankcorp Inc to acquire SouthCrest Financial Group Inc.
Announced Apr 22, 2021 · Closed Aug 2, 2021 · Private target
Deal value$84M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationCash and stock$10.45 per share
Transaction
- Acquirer
- Colony Bankcorp Inc (CBAN)
- Target
- SouthCrest Financial Group Inc.
- Buyer type
- Strategic
- Offer price per share
- $10.45
- Enterprise value
- —
- Status
- Closed Aug 2, 2021
Deal protections
Not disclosed for private-company acquisitions.
Advisors
- To the acquirer
- Not disclosed
- To the target
- Not disclosed
Classification
- Sector
- Financials
- Buyer's industry
- State Commercial Banks