Transactions

July 25, 2022 – Sheshunoff & Co Investment Banking announces the sale of State Bank of Herscher ($165 million) of Herscher, Illinois to Greg Kidd, CEO of venture capital firm Hard Yaka. State Bank of Herscher operates two branches ranked sixth in Kankakee County, Ill., with $150 million in deposits. Sheshunoff served as the exclusive financial advisor for Greg Kidd in the transaction. Strategic merger options are available for banks of all sizes. With over 300 successful bank M&A transactions over the past 25 years, Sheshunoff & Co is recognized as a trusted bank mergers and acquisitions leader among regional and community banks. We can also assist you in pursuing Valuations, Fairness Opinions, and Strategic Planning Board presentations.

January 3, 2022 - Sheshunoff & Co Investment Banking announces the merger of First National Bank ($141 million) based in Kemp, Texas and First State Bank ($226 million) of Rice, Texas to create Harmony Bank. Harmony Bank will enter Ellis County, Texas with three branches and Navarro County, Texas with one branch. Sheshunoff served as the exclusive financial advisor for First National Bank in the transaction. Strategic merger options are available for banks of all sizes. With over 300 successful bank M&A transactions over the past 25 years, Sheshunoff & Co is recognized as a trusted bank mergers and acquisitions leader among regional and community banks. We can also assist you in pursuing Valuations, Fairness Opinions, and Strategic Planning Board presentations.

September 3, 2020 - Sheshunoff & Co Investment Banking announced that Dilley State Bank ($143 million) of Dilley, Texas has agreed to merge with First State Bank ($588 million) of Louise, Texas. Sheshunoff served as the exclusive financial advisor for Dilley State Bank in the transaction. Strategic merger options are available for banks of all sizes. With over 300 successful bank M&A transactions over the past 25 years, Sheshunoff & Co is recognized as a trusted bank mergers and acquisitions leader among regional and community banks. We can also assist you in pursuing Valuations, Fairness Opinions, and Strategic Planning Board presentations.

July 20, 2020 - Sheshunoff & Co Investment Banking announced that Moody National Bank ($1.2 billion) of Galveston, Texas has agreed to acquire a branch branch from Spirit of Texas Bank ($2.5 billion) of Conroe, Texas. Sheshunoff served as financial advisor for Moody National Bank in the transaction. Strategic merger options are available for banks of all sizes. With over 300 successful bank M&A transactions over the past 25 years, Sheshunoff & Co is recognized as a trusted bank mergers and acquisitions leader among regional and community banks. We can also assist you in pursuing Valuations, Fairness Opinions, and Strategic Planning Board presentations.

June 30, 2020 - Sheshunoff & Co Investment Banking announced that The Bank of Austin ($202 million) has agreed to merge with The Bank of San Antonio. Under the terms of this deal three banks are set to merge to create a combined $1.5 billion bank in Central Texas. Sheshunoff served as the exclusive financial advisor for The Bank of Austin in this transaction. Strategic merger options are available to banks of all sizes. With over 300 successful bank M&A transactions over the past 25 years, Sheshunoff & Co. is recognized as a trusted bank mergers and acquisitions leader among regional and community banks. We can also assist you in pursuing Valuations, Fairness Opinions, and Strategic Planning Board Presentations.

September 23, 2019 – Sheshunoff & Co Investment Banking announced that Texas First Bancshares, Inc. ($391 million) of Waco, Texas has agreed to merge with BancorpSouth Bank ($18.9 billion) of Tupelo, Mississippi.Sheshunoff served as the exclusive financial advisor for Texas First Bancshares in the transaction.Strategic merger options are available to banks for all sizes.With over 300 successful bank M&A transactions over the past 25 years, Sheshunoff & Co. is recognized as a trusted bank mergers and acquisitions leader among regional and community banks. We can also assist you in pursuing Valuations, Fairness Opinions, and Strategic Planning Board Presentations.

April 13, 2019 – Sheshunoff & Co Investment Banking announced that F&M Bancshares Inc. ($462 million) of Trezevant, Tennessee has agreed to acquire Chester County Bancshares ($73 million) of Henderson, Tennessee.Sheshunoff served as a financial advisor for F&M Bancshares Inc. in the transaction.Strategic merger options are available to banks for all sizes.With over 300 successful bank M&A transactions over the past 25 years, Sheshunoff & Co. is recognized as a trusted bank mergers and acquisitions leader among regional and community banks. We can also assist you in pursuing Valuations, Fairness Opinions, and Strategic Planning Board Presentations.

November 27, 2018 – Sheshunoff & Co Investment Banking announced that First Beeville Financial Corporation ($412 million) of Beeville, Texas has agreed merger with Spirit of Texas Bancshares, Inc. ($1.1 billion) of Conroe, Texas.Sheshunoff served as the exclusive financial advisor for First Beeville Financial Corporation in the transaction.Strategic merger options are available to banks for all sizes.With over 300 successful bank M&A transactions over the past 25 years, Sheshunoff & Co. is recognized as a trusted bank mergers and acquisitions leader among regional and community banks. We can also assist you in pursuing Valuations, Fairness Opinions, and Strategic Planning Board Presentations.

July 12, 2018 – Sheshunoff & Co Investment Banking announced that River Financial Corporation ($821 million) of Prattville, Alabama has agreed to purchase PSB Bancshares ($191 million) of Clanton, Alabama.Sheshunoff served as a financial advisor for River Financial Corporation in the transaction.Strategic merger options are available to banks for all sizes.With over 300 successful bank M&A transactions over the past 25 years, Sheshunoff & Co. is recognized as a trusted bank mergers and acquisitions leader among regional and community banks. We can also assist you in pursuing Valuations, Fairness Opinions, and Strategic Planning Board Presentations.

December 18, 2017 – Sheshunoff & Co Investment Banking announced that Kansas Bank Corporation ($320.1 million), located in Liberal, Kansas has agreed to merge with Equity Bancshares, Inc. ($3.1 billion), of Wichita, Kansas. Sheshunoff served as financial advisor for Kansas Bank Corporation in the transaction. This is Sheshunoff’s 12th announcement in 2017.Strategic merger options are available to banks for all sizes.With over 280 successful bank M&A transactions over the past 25 years, Sheshunoff & Co. is recognized as a trusted bank mergers and acquisitions leader among regional and community banks. We can also assist you in pursuing Valuations, Fairness Opinions, and Strategic Planning Board Presentations.

November 14, 2017 – Sheshunoff & Co Investment Banking announced that Signature Bancshares, Inc. ($390 million), located in Minnetonka, Minnesota has agreed to be acquired by Heartland Financial USA, Inc. ($9.7 billion) of Dubuque, Iowa. Sheshunoff served as financial advisor for Signature Bancshares, Inc. in the transaction. This is Sheshunoff’s 10th announcement since January 2017.Strategic merger options are available to banks for all sizes.With over 280 successful bank M&A transactions over the past 25 years, Sheshunoff & Co. is recognized as a trusted bank mergers and acquisitions leader among regional and community banks. We can also assist you in pursuing Valuations, Fairness Opinions, and Strategic Planning Board Presentations.

August 1, 2017 – Sheshunoff & Co. Investment Banking announced that Liberty Bancshares, located in Fort Worth, Texas has been purchased by Veritex Holdings, Inc. of Dallas, Texas. Sheshunoff served as the financial advisor for Liberty Bancshares in the transaction. This is Sheshunoff’s 7th announcement since January 2017.Strategic merger options are available to banks for all sizes.With over 280 successful bank M&A transactions over the past 25 years, Sheshunoff & Co. is recognized as a trusted bank mergers and acquisitions leader among regional and community banks. We can also assist you in pursuing Valuations, Fairness Opinions, and FDIC auctions of failed banks.

July 7, 2017 – Sheshunoff & Co. Investment Banking announced that First National Bank of Clinton, located in Clinton, Missouri has agreed to merge with Legacy Bank and Trust Company of Rogersville, Missouri. Sheshunoff served as the exclusive financial advisor for First National Bank of Clinton in the transaction. This is Sheshunoff’s 7th announcement in recent months.

May 31, 2017 – Sheshunoff & Co. Investment Banking announced that Town & Country Bank, Inc. of Saint George, Utah has agreed to merge with People’s Utah Bancorp of American Fork, Utah. Sheshunoff served as an advisor to Town & Country Bank, Inc. in the transaction. This is Sheshunoff’s eighth announcement in the last year.

January 11, 2017 – Sheshunoff & Co. Investment Banking announced that Cape Girardeau, Missouri-based Tammcorp, Inc., the parent company of Capaha Bank, has agreed to merge with Southern Missouri Bancorp of Poplar Bluff, Missouri. Sheshunoff served as the financial advisor to Tammcorp, Inc. in the transaction. This is Sheshunoff’s ninth announcement in the last ten months.

September 8, 2016 – Sheshunoff & Co. Investment Banking announced that Anchor Bancshares Inc. of Houston, Texas has agreed to acquire First Bancshares of Texas, Inc. of McGregor, Texas and its subsidiary, Security Bank of Crawford. Sheshunoff served as the financial advisor to Anchor Bancorp in the transaction. This is Sheshunoff’s sixth announcement in the last six months.

June 7, 2016 – Sheshunoff & Co Investment Banking announced that Bank of St. Croix of Christiansted, Virgin Islands has agreed to merge with Fidelity Federal Bancorp of Evansville, Indiana. Sheshunoff served as the exclusive financial advisor to Bank of St. Croix in the transaction. This is Sheshunoff’s eighth announcement in the last six months..

March 22, 2016 – Sheshunoff & Co Investment Banking announced that Brimfield Bank of Brimfield, Illinois has agreed to merge with Central Bancshares, Inc. in Muscatine, Iowa. Sheshunoff served as the exclusive financial advisor to Brimfield Bank in the transaction. This is Sheshunoff’s sixth announcement in the past four months.

November 19, 2015 – Sheshunoff & Co. Investment Banking announced that F&M Bancshares, Inc. of Trezevant, Tennessee ($309 million) has agreed to purchase Medina Bancshares Inc. ($44 million) of Medina, Tennessee.Sheshunoff & Co served as the financial advisor to F&M Bancshares, Inc. in the transaction.Strategic merger options are available to banks for all sizes.With over 250 successful bank M&A transactions over the past 25 years, Sheshunoff & Co. is recognized as a trusted bank mergers and acquisitions leader among regional and community banks. We can also assist you in pursuing Valuations, Fairness Opinions, and FDIC auctions of failed banks.

November 5, 2015 – Sheshunoff & Co. Investment Banking announced that Allegiance Bancshares, Inc. of Houston, Texas ($2 billion) has agreed to sell two of its branches to Incommons Bank, N.A. ($115 million) of Mexia, Texas.Sheshunoff & Co served as the exclusive financial advisor to Allegiance Bancshares, Inc. in the transaction.

July 1, 2015 – Sheshunoff & Co. Investment Banking announced that Post Oak Bancorporation, Inc. of Houston, Texas ($916 million) has agreed to purchase SSB Bancshares, Inc. ($156 million) of Anahuac, Texas.Sheshunoff & Co served as the financial advisor to Post Oak Bancorporation, Inc. in the transaction.

February 10, 2015 – Sheshunoff & Co. Investment Banking announced that an investor group of former bankers and bank regulators, professionals, and other investors will be acquiring Citizens First State Bank of Walnut ($54.2 million), located in Walnut, Illinois.Sheshunoff & Co served as the financial advisor to Citizens First State Bank of Walnut in the transaction.Premium Prices are available for quality banks in stable markets.With over 250 successful bank M&A transactions over the past 25 years, Sheshunoff & Co. is recognized as a trusted bank mergers and acquisitions leader among regional and community banks. We can also assist you in pursuing Valuations, Fairness Opinions, and FDIC auctions of failed banks.

January 8, 2015 — Sheshunoff & Co. Investment Banking announced that Dallas, Texas-based DCB Financial Corp., the holding company of Preston State Bank ($119 million,) has agreed to merge with Guaranty Bancshares Inc. ($1.29 billion) of Mount Pleasant, Texas.Sheshunoff & Co. provided a fairness opinion to DCB Financial Corp. in the transaction.

October 10, 2014 – Sheshunoff & Co. Investment Banking announced that First State Bank of Bourbon, Indiana ($87.6 million) has agreed to merge with Independent Alliance Banks ($961 million) of Fort Wayne, Indiana.

September 11, 2014 – Sheshunoff & Co. Investment Banking announced that North Central Texas Bancshares, Inc. of Iowa Park, Texas ($239.9 million) has agreed to merge with Pilgrim Bancorp ($386.1 million) of Mount Pleasant, Texas.

July 3, 2014 – Sheshunoff & Co. Investment Banking announced that Chisholm Bancshares of Decatur, Texas ($145.6 million) has agreed to merge into Red River Bancorp Inc. ($722.5 million) of Gainesville, Texas.

March 18, 2014 – Sheshunoff & Co. Investment Banking announced that Westfield Bank FSB of Westfield, Ohio ($813.7 million) has agreed to acquire Valley Savings Bank ($127.2 million) of Cuyahoga Falls, Ohio.

January 13, 2014 – Sheshunoff & Co Investment Banking announced that Teche Federal Bank ($856.7 million) has agreed to sell to IBERIABANK Corp. ($13.15 billion). Sheshunoff & Co served as the exclusive advisor to Teche Federal Bank.Based on a proforma basis at June 30, 2013, the combined franchise would hold the No. 1 market share in the Lafayette statistical area with $2.73 billion in deposits and a 27.3% share of the market.According to a Form 8-K filed Jan. 13, each outstanding share of Teche Holding common stock is to be converted into the right to receive 1.162 shares of IBERIABANK Corp. common stock at the effective time of the merger, plus cash in lieu of any fractional interest. The exchange ratio will be adjusted if the market price of IBERIABANK Corp. common stock on the NASDAQ Global Select Market during the prescribed measurement period prior to the merger falls below $55.80 or rises above $68.20, pursuant to the formula set forth in the merger agreement.All Teche Holding stock options, whether or not vested, will be cashed out and shares of restricted stock will become fully vested in connection with the transaction and be exchanged for shares of IBERIABANK Corp. common stock like the other shares of Teche Holding common stock. If the transaction closes at June 30, Teche Holding would have an aggregate of approximately 2,234,000 shares, assuming the full exercise of then vested options and full issuance of the restricted shares.The aggregate transaction value equated to 1.73x of tangible book value at Sept. 30, 2013, 2.06x price to 8% adjusted book, 17.1x to LTM earnings and a 10.2% premium on deposits.

September 5, 2013 – Sheshunoff & Co Investment Banking announced that State Central Bank of Keokuk, IA ($121.7 million) has agreed to a branch sale to Pilot Grove Savings Bank of Pilot Grove, IA ($458.1 million). Sheshunoff & Co served as the exclusive advisor to State Central Bank in the transaction.

August 23, 2013 – Sheshunoff & Co. Investment Banking announced that Live Oak State Bank of Dallas, Texas ($122 million in assets) has agreed to sell to Independent Bank Group ($1.9 billion in assets). Sheshunoff & Co. served as the exclusive advisor to Live Oak State Bank in the transaction.

January 10, 2013 – Sheshunoff & Co. Investment Banking announced that The Business Bank in Minnetonka, MN ($228 million in assets) has agreed to sell to Bell State Bank & Trust of Fargo, ND ($2.42 billion in assets). Sheshunoff & Co advised the seller The Business Bank in the transaction.

October 4, 2012 – Sheshunoff & Co. Investment Banking announced that Citizens Bank of Geneva, Alabama ($170 million in assets) has agreed to sell to Bank of the Ozarks of Little Rock, Arkansas ($3.76 billion). Sheshunoff & Co. advised the seller Citizens Bank in the transaction which involved cash and common stock.“Sheshunoff worked tirelessly to find us the right buyer for our bank. Through their extensive relationships in the industry, they found a buyer three states away that was a perfect fit for us. We would recommend Sheshunoff to anyone who is looking to sell their bank.”Roy G. Dowdy Jr. President & CEO Citizens Bank Geneva, AL

August 17, 2012 – Sheshunoff & Co. Investment Banking announced that Oasis Bank in Houston, TX ($77 million in assets) has agreed to sell to Spirit of Texas Bank in College Station, TX. Sheshunoff & Co. represented the buyer Spirit of Texas Bank in the transaction.

December 22, 2011 – Sheshunoff & Co. Investment Banking announced that I Bank of Lakeway, TX ($155 million in assets) has agreed to sell to Independent Bank Group of McKinney, TX. Sheshunoff & Co. represented the seller I Bank in the transaction.

Sheshunoff & Co. Investment Banking recently announced that Eagle Bank of Jarrell, TX ($ 22 million in assets) has agreed to sell to Round Top State Bank of Round Top, TX. Sheshunoff & Co. represented the seller Eagle Bank in the transaction.

Sheshunoff & Co. Investment Banking announces Treaty Oak Bank ($119 million in assets) has agreed to merge with Carlile Bancshares, a shelf charter organization. Sheshunoff & Co. served as the exclusive financial advisor to Treaty Oak. This was Carlile’s first bank acquisition.\r\n\r\nThis represents the sixth transaction announced by Sheshunoff in five months, evidence that bank merger activity is on the rise, especially in the southwest. Buyers are beginning to show confidence in the future of community banking and capitalizing on opportunities as they appear.

Sheshunoff & Co. Investment Banking, announces Sam Houston Financial Corporation, the parent company of The First State Bank in Huntsville, Texas ($159 million in assets) has agreed to merge with First Financial Bankshares, Inc., Abilene, Texas (Nasdaq: FFIN) ($3.3 billion in assets). Sheshunoff, a national leader in merger and acquisition advisory services to financial institutions, served as the exclusive financial advisor to Sam Houston Financial Corporation.Under the terms of the acquisition, First Financial Bankshares will pay consideration consisting of stock and cash totaling $22.2 million. The pricing is based upon Sam Houston’s equity as of December 31, 2009 and represents 1.63x book value and 1.71x book value adjusted for 8% capital. With the median price to book multiple for all bank and thrift acquisitions in 2010 equaling 1.09x, the superior pricing for this transaction reflects the quality of both First State Bank and the overall economy of Huntsville.This is the fifth whole-bank transaction Sheshunoff has announced in the last 4 months. No firm has represented more community banks in mergers than Sheshunoff.

Miami-based Shay Investment Services Inc. unit Plaquemine, La.-based First Financial Bank and Trust Co. has agreed to acquire Lakeway, Texas-based Texas Country Bank from Country Holding Corp. Shay Investment Services Inc. will enter Travis County, Texas with one branch to be ranked No. 21 with a 0.47% share of approximately $15.72 billion in total market deposits, and will enter Burnet County, Texas with one branch to be ranked No. 12 with a 1.65% share of approximately $644.19 million in total market deposits. Sheshunoff & Co. served as the exclusive financial adviser to Texas Country Bank in this cash transaction.

Reminiscent of better times, Medina Valley Bancshares, Inc. of Devine, TX has agreed to merge with Security State Bank of Pearsall, TX marking one of the first premium bank mergers in many months. Sheshunoff Investment Banking served as the financial advisor to both Medina Valley Bancshares and Security State Bank bringing together two solid banks in a robust regional economy.Medina Valley Bancshares, a family-owned financial institution since 1937, found a strong financial partner that will ensure the continuation of their neighborhood community banking philosophy. This merger provides the many benefits of Security State Bank of Pearsall, TX marking one of the first premium bank mergers in many months.

In a unique transaction, Sheshunoff & Co. Investment Banking announces the sale of SouthFirst Bancshares, Inc. of Sylacauga, Alabama to Palm Financial, Inc. Sheshunoff served as the exclusive financial advisor to SouthFirst in the transaction. Palm Financial is an entity formed specifically to acquire SouthFirst by an individual new to the banking industry.In a difficult market, our client found a strong financial partner to join possessing the same community bank model as SouthFirst. This allows the many benefits of a stronger equity position while maintaining the bank name and management.

In a uniquely structured transaction, Sheshunoff & Co. Investment Banking announces the sale of First National Bank & Trust of Powell, Wyoming, a $282 million bank, to Glacier Bancorp. Sheshunoff & Co. served as the exclusive financial advisor to First National Bank & Trust. Glacier will pay for the bank using a combination of cash, stock and loans.In a difficult market, our client found a strong partner that will allow them to continue serving their communities while offering the many benefits of belonging to a larger parent. Also of note are the buyer’s plans to leave the name of the bank and local decision-making functions untouched.

Minnesota Bank Merger Sheshunoff & Co. Investment Banking, a leader in merger and acquisition advisory services to financial institutions, announces the sale of Community Bank Corporation, a $140 million bank formed in 2000 in the high-growth suburbs of Minneapolis, to Charter Bank in Eau Claire, Wisconsin, Sheshunoff & Co. served as the exclusive financial advisor to Peregrine.

Announcing the acquisition of a Louisiana bank Sheshunoff & Co. Investment Banking, a leader in merger and acquisition advisory services to financial institutions, announces the acquisition of American Bank in Welsh, LA, by St. Martin Bank & Trust Company of St. Martinville, LA. Sheshunoff & Co. served as the exclusive financial advisor to American Bank.Under the terms of the agreement, St. Martin Bank & Trust Co. will purchase American Bank for $15.1 million in cash.

Announcing Mutual of Omaha’s third bank purchase of 2007 Sheshunoff & Co. Investment Banking, a leader in merger and acquisition advisory services to financial institutions announces the purchase of Midlands Financial Services, Inc. (parent of Nebraska State Bank of Omaha, NE), by Mutual of Omaha Insurance Co. Deal terms have not been disclosed. Sheshunoff & Co. initiated the transaction and served as the exclusive financial advisor to Midlands Financial Services, Inc.

Industry leader acts as advisor in the sale of First National Bank of Lamesa achieving maximum return for shareholders. Sheshunoff & Co. Investment Banking, a leader in merger and acquisition advisory services to financial institutions, announced the acquisition of Texas-based First National Bank of Lamesa with Plains Bancorp Inc. of Dimmit, the holding company for First United Bank. Sheshunoff & Co. initiated the transaction and served as the exclusive financial advisor to First National Bank of Lamesa with Plains Bancorp Inc. of Dimmit, the holding company for First United bank.