Transactions
SouthFirst Bancshares, Inc.03.13.2009$63 million in assetsIndustry leader is financial advisor to
local community bank with nonbank acquirer
In a unique transaction, Sheshunoff & Co. Investment Banking announces the sale of SouthFirst Bancshares, Inc. of Sylacauga, Alabama to Palm Financial, Inc. Sheshunoff served as the exclusive financial advisor to SouthFirst in the transaction. Palm Financial is an entity formed specifically to acquire SouthFirst by an individual new to the banking industry.
In a difficult market, our client found a strong financial partner to join possessing the same community bank model as SouthFirst. This allows the many benefits of a stronger equity position while maintaining the bank name and management.
A Valued Leader in Community Bank M&A
Advising community and regional banks in the U.S for more than 25 years.
Contact Us Today >Or Call Us:
800.279.2241 512.472.4000