DMG Bancshares Inc. to Acquire Liberty Bancorp in All-Cash Merger
February 28, 2022
DMG Bancshares Inc. signed a definitive merger agreement to acquire Liberty Bancorp (Liberty Bank) in an all-cash transaction valued at approximately $31.2 million in base consideration. The deal includes potential additional cash consideration of up to approximately $2.9 million based on certain events and is expected to close in the summer of 2022, subject to approvals.
- Buyers
- DMG Bancshares Inc.
- Targets
- Liberty Bancorp
- Industry
- Financial Services
- Location
- California, United States
- Transaction Type
- Buyout
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