trending Market Intelligence /marketintelligence/en/news-insights/trending/ffj7dikkxq9kpqkcpcu4jq2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Tennessee-based BOLC seeking to merge with North Alabama Bancshares

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

Tennessee-based BOLC seeking to merge with North Alabama Bancshares

Fayetteville, Tenn.-based BOLC Corp. is seeking to merge with Hazel Green, Ala.-based North Alabama Bancshares Inc., and thereby indirectly acquire North Alabama Bank, according to a notice posted in the Federal Register on March 22.

For comparison, SNL valuations for bank and thrift targets in the Southeast region between March 19, 2017, and March 19, 2018, averaged 157.90% of book, 166.87% of tangible book and had a median of 25.02x last-12-months earnings, on an aggregate basis.

BOLC is the ultimate parent of Bank of Lincoln County, which had $140.0 million in assets as of Dec. 31, 2017, SNL data shows. North Alabama Bank had assets of $92.8 million as of the same date.

BOLC will enter Madison County, Ala., with three branches to be ranked No. 15 with a 1.15% share of approximately $7.07 billion in total market deposits.

To use S&P Global Market Intelligence's branch analytics tools to compare market overlap, click here. To create custom maps, click here.

SNL is owned by S&P Global Market Intelligence.

SNL Image