January's Bank M&A Deals
Most of last month's deals were small and involved privately owned banks; only four deals had disclosed deal values and were worth a combined $239.9 million.
Other highlights include:
- In January's largest deal, Manitowoc, Wis.-based Bank First Corp. agreed to acquire in-state peer Denmark, Wis.-based Denmark Bancshares Inc. for $118.0 million at a deal value-to-tangible common equity ratio of 171.6%.
- On Jan. 28, Baltimore-based Rosedale Federal Savings and Loan Association agreed to acquire same-city peer CBM Bancorp in a deal worth $63.2 million, last month's second-largest deal.