Acquiring Company
DMG Bancshares
Acquired Company
Liberty Bancorp
Description
DMG Bancshares Inc. (“DMG”) and Liberty Bancorp (“Liberty”) (OTCPK: LIBC) jointly announced today, the signing of a definitive merger agreement under which DMG will acquire Liberty in an all-cash transaction with a base consideration of approximately $31.2 million, or $35.19 per Liberty share for all Liberty shareholders. In addition to the base consideration, cash consideration of up to approximately $2.9 million, or $3.31 per Liberty share, for all Liberty shareholders, may become payable to Liberty shareholders at or following the closing depending on the occurrence of certain events.
Quick answer
DMG Bancshares is acquiring Liberty Bancorp, announced March 1, 2022.
- How much did DMG Bancshares pay for Liberty Bancorp?
- The deal value was not disclosed.
- What does DMG Bancshares do?
- DMG Bancshares, Inc. (DMG) is the parent company of California First National Bank (CalFirst), a full-service commercial bank supporting businesses and entrepreneurs with an expertise in commercial real estate.
Source: Fundz verified event record.
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Who to call at DMG Bancshares, and when
When DMG Bancshares changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day DMG Bancshares raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at DMG Bancshares, from your own LinkedIn network
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Fundz sees it the moment DMG Bancshares makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired Liberty Bancorp?
Liberty Bancorp was acquired by DMG Bancshares. The deal was reported on March 1, 2022. DMG Bancshares, Inc. (DMG) is the parent company of California First National Bank (CalFirst), a full-service commercial bank supporting businesses and entrepreneurs with an expertise in commercial real estate. DMG Bancshares is privately held and operates in Financial Services.
When did DMG Bancshares acquire Liberty Bancorp?
DMG Bancshares's acquisition of Liberty Bancorp was reported on March 1, 2022. DMG Bancshares Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Liberty Bancorp do?
Liberty Bank is a full-service commercial bank headquartered in San Mateo County with offices serving the San Lorenzo Valley communities of Boulder Creek and Felton, California. It is privately held, operating in Financial Services.
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