The Bank of New Glarus completes acquisition of First National Bank at Darlington to expand services
Jun 05, 2024•over 1 year ago
Acquiring Company
The Bank of New Glarus
Acquired Company
First National Bank at Darlington
New GlarusDarlingtonBankingLendingFinancial ServicesBankingLendingFinanceFinancial ServicesDescription
The Bank of New Glarus has successfully acquired First National Bank at Darlington, marking a significant milestone for both organizations. This strategic move reinforces BNG’s commitment to growth and excellence in the banking industry, aiming to provide an even greater level of products and services to local communities.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed