trending Market Intelligence /marketintelligence/en/news-insights/trending/UpshD6FsS-v6NSr9oiZgUQ2 content esgSubNav
In This List

Magnolia, Ark.-based Farmers Bank & Trust to buy Bank of Prescott

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


Magnolia, Ark.-based Farmers Bank & Trust to buy Bank of Prescott

Magnolia, Ark.-based Farmers Bank & Trust Co. agreed to acquire Prescott, Ark.-based Bank of Prescott.

The terms of the transaction, which is expected to close in the third quarter, were not disclosed in the merger release.

S&P Global Market Intelligence valuations for bank and thrift targets in the Southeast region between May 20, 2018, and May 20, 2019, averaged 167.52% of book and 178.46% of tangible book and had a median of 21.38x last-12-months earnings on an aggregate basis.

Farmers Bank & Trust is a unit of Magnolia Banking Corp. and has assets of about $1.6 billion, according to the release. Bank of Prescott, a unit of Prescott Bancshares Inc., has more than $67 million in assets.

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

SNL Image