$4.5 Billion In Transaction Value To Date
ATLANTA, May 11, 2018 — Stifel Financial Corp. (NYSE:SF) has announced an agreement to acquire Business Bancshares, Inc. and its subsidiary, The Business Bank of St. Louis.
Terms of the transaction were not disclosed. Business Bancshares, Inc. has on a consolidated basis with its subsidiaries, approximately $620 million in total assets. That includes $516 million of loans, $536 million of total deposits, and $70 million of tangible equity as of March 31, 2018. The transaction is expected to close in the fourth quarter of 2018.
FIG provided a fairness opinion to Business Bancshares, Inc. The transaction was led by Matthew Veneri, Managing Principal and Co-Head of Investment Banking.
More information is available here.
Since 2003, FIG has been the trusted advisor to community banks and investors. To learn more about FIG’s investment banking services, visit www.figpartners.com.