Deal Snapshot
FB FINANCIAL TO ACQUIRE FNB FIANNCIAL, FARMERS NATIONAL BANK OF SCOTTSVILLE
Wednesday 18 September 2019

US-based bank holding company FB Financial Corp. (NYSE: FBK), parent company of FirstBank has entered into a definitive merger agreement to acquire FNB Financial Corp. and its wholly owned subsidiary, Farmers National Bank of Scottsville, pursuant to which Farmers National will be merged with and into FirstBank, the company said.
Farmers National, founded in 1923 and headquartered in Scottsville, Kentucky, provides FirstBank an entry into the attractive Bowling Green MSA, where Farmers National is currently ranked 7th in deposit market share with approximately USD 204m in deposits, based on FDIC data as of June 30, 2019.


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Details
Date Published: 18/09/2019
Target: FNB Financial Corp
Country: USA
Deal Size: 51.9m (USD)
Sector: Banking/Financial Services
Type: Corporate acquisition
Financing: Cash and Stock
Status: Agreed
Vendor:
Buyer: FB Financial Corp
Buyer Advisor: Waller Lansden Dortch and Davis
Comment:


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