Deal Snapshot
UNITED BANKSHARES TO ACQUIRE CAROLINA FINANCIAL IN USD 1.1BN STOCK DEAL
Monday 18 November 2019

Washington, US-based bank holding company United Bankshares, Inc. (NASDAQ: UBSI) has entered into a definitive agreement to acquire South Carolina, US-based Carolina Financial Corp. (NASDAQ: CARO) and its CresCom Bank subsidiary, the company said.
The combined organization will be approximately USD 25bn in assets and will rank in the top 35 largest banks in the US based on market capitalization. This transaction will result in a combined company with more than 200 locations in some of the most desirable banking markets in the nation.


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Details
Date Published: 18/11/2019
Target: Carolina Financial Corp
Country: USA
Deal Size: 1.1bn (USD)
Sector: Banking/Financial Services
Type: Corporate acquisition
Financing: Stock
Status: Agreed
Vendor:
Buyer: United Bankshares
Buyer Advisor: Sandler O, ´Neill and Partners, Bowles Rice
Comment:


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