National Bank Holdings Corporation Completes Acquisition Of Community Bancorporation
Sep 01, 2022•over 3 years ago
Acquiring Company
National Bank Holdings Corporation
Acquired Company
Community Bancorporation
Description
National Bank Holdings Corporation (NYSE: NBHC, “NBH” or the “Company”) the holding company for NBH Bank, announced that effective today, it has completed its previously announced acquisition of Community Bancorporation (“CB”), the holding company for Rock Canyon Bank, headquartered in Provo, Utah and operating in the greater Salt Lake City region. The combined holding company will operate under the National Bank Holdings Corporation name and the company’s headquarters remains in Denver, Colorado.
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