FIG Has Now Completed 86 M&A Transactions Totaling More Than
$3.7 Billion In Transaction Value Since Inception
Delmar Bancorp (OTCQB: DBCP) and Liberty Bell Bank (OTCQB: LBBB) have announced a definitive merger agreement. Liberty Bell Bank will be merged into Delmar Bancorp’s subsidiary, The Bank of Delmarva.
Based on the average closing price of Delmar common stock of $6.58 during the 90 days ended July 14, 2017, the aggregate value of the transaction would be approximately $16 million.
Benjamin F. Watts, President and CEO of Liberty said, “We are thrilled to have found such a strong and high-caliber institution as Delmar Bancorp to merge with. This partnership will serve our shareholders, our employees, our customers and our community well.”
FIG Partners served as financial advisor to Liberty Bell Bank. The FIG team included Dan Flaherty, Principal, and 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. Year to date, FIG has advised on 11 M&A transactions totaling more than $450 million in transaction value.
To learn more about FIG Partners, visit www.figpartners.com.