M&A · Financials · Buyer's industry: State Commercial Banks
First National Corp to acquire Touchstone Bankshares
Announced Mar 26, 2024 · Closed Oct 1, 2024 · Private target
Deal value$47M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock$14.25 per share
Transaction
- Acquirer
- First National Corp (FXNC)
- Target
- Touchstone Bankshares
- Buyer type
- Strategic
- Offer price per share
- $14.25
- Enterprise value
- —
- Status
- Closed Oct 1, 2024
Deal protections
Not disclosed for private-company acquisitions.
Advisors
- To the acquirer
- Hovde Group
- To the target
- Piper Sandler
Classification
- Sector
- Financials
- Buyer's industry
- State Commercial Banks