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
Location
California, United States
Transaction Type
Buyout

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