Financial Advisor
River Financial Corporation
M&A Advisory
Merged With
Transaction Details
- On July 11, 2018, River Financial Corporation, parent company of River Bank & Trust, and PSB Bancshares, Inc., parent company of Peoples Southern Bank, announced the signing of a definitive agreement to combine two well-respected banking franchises in Alabama
- Upon closing of the transaction, the combined bank is expected to exceed $1 billion in assets, $660 million in total loans and $890 million in total deposits
- Merger consideration includes both River Financial Corporation common stock and cash
- The transaction is expected to close no later than Q4’ 18
Sources: Company Filings, S&P Global Market Intelligence and publicly available information.
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Note: Financial data as of March 31, 2018.
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