United Bancorporation of Alabama, Inc. Acquires Town-Country National Bank
March 16, 2021
United Bancorporation of Alabama, Inc. (United Bank) signed a definitive agreement to acquire Town-Country National Bank, a Camden, Alabama community bank with approximately $126.2 million in assets, for aggregate cash consideration of $28.5 million. Town-Country will rebrand as Town-Country United Bank and operate as a separate banking subsidiary; TCNB shareholders will receive cash consideration (with a portion paid as a special dividend) and the deal is expected to close in early Q3 2021 subject to shareholder and regulatory approvals.
- Buyers
- United Bancorporation of Alabama, Inc.
- Targets
- Town-Country National Bank
- Sellers
- Shareholders of Town-Country National Bank
- Industry
- Financial Services
- Location
- Alabama, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Atlantic Union Bankshares Acquires American National Bankshares
April 1, 2024
Financial Services
Atlantic Union Bankshares Corporation completed its merger with American National Bankshares Inc., effective April 1, 2024, in a stock-for-stock transaction valued at approximately $507 million. The deal expands Atlantic Union's footprint across Central, Western and Southern Virginia and provides entry into North Carolina's Piedmont Triad and Raleigh markets.
-
ACNB Corporation Acquires Traditions Bancorp, Inc.
July 24, 2024
Financial Services
ACNB Corporation (NASDAQ: ACNB) has agreed to acquire Traditions Bancorp, Inc., the holding company for Traditions Bank, in an all-stock transaction valued at approximately $73.5 million. The deal, expected to close in Q1 2025 pending approvals, expands ACNB's community banking footprint in York and Lancaster counties and creates a combined pro forma company with about $3.3 billion in assets.
-
Camden National Corporation Acquires Northway Financial, Inc.
January 2, 2025
Financial Services
Camden National Corporation completed an all-stock merger to acquire Northway Financial, Inc., the parent of Northway Bank, expanding Camden National's presence in New Hampshire. The combined institution has approximately $7.0 billion in assets and 73 branches; Northway shareholders received 0.83 shares of Camden National common stock for each Northway share (cash paid for fractional shares).
-
United Bankshares Acquires Community Bankers Trust Corporation (Essex Bank)
December 3, 2021
Financial Services
United Bankshares, Inc. completed its acquisition of Community Bankers Trust Corporation, the parent company of Essex Bank, adding an organization with approximately $1.7 billion in assets and headquarters in the greater Richmond, Virginia region. The deal expands United’s Mid‑Atlantic footprint into additional Virginia and Maryland markets; former Community Bankers Trust President and CEO Rex L. Smith III was retained as a Regional President for the former Essex Bank locations.
-
United Community Banks Acquires Three Shores Bancorporation and Seaside National Bank & Trust
July 1, 2020
Financial Services
United Community Banks, Inc. completed its merger with Three Shores Bancorporation, Inc., effective July 1, 2020, with Three Shores' bank subsidiary Seaside National Bank & Trust merging into United's bank subsidiary. United will continue to operate Seaside locations under the Seaside Bank and Trust brand and expects the deal to expand its Florida presence while adding Seaside's wealth management capabilities to United's offerings.
-
National Bank of Canada to Acquire Canadian Western Bank
June 11, 2024
Financial Services
National Bank of Canada entered into a definitive agreement to acquire all outstanding common shares of Canadian Western Bank in a share-exchange transaction valuing CWB at approximately $5.0 billion. The deal (exchange ratio 0.450 NB shares per CWB share) expands National Bank's footprint in Western Canada, is expected to close by the end of 2025 subject to shareholder and regulatory approvals, and is supported by an approximately $1.0 billion equity financing including a private placement to CDPQ.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.