Acquiring Company
ST Hldgs
Acquired Company
Rochelle State Bank
Financial ServicesProfessional ServicesLending And InvestmentsFinancial Services
Description
Orlando, Fla. based ST Hldgs, Inc. today announces the acquisition of Rochelle State Bank effective June 4, 2021. ST Hldgs, Inc. is a bank holding company regulated by the Federal Reserve formed primarily to invest in community banks. Founded in 1947 and based in Rochelle, Ga., Rochelle State Bank is a full-service, state-chartered bank serving the residents of Wilcox County for over 74 years.
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