Bank of Wedowee’s (Wedowee, AL ) sale to First Bank of Alabama (Talladega, AL) was completed this week. The combined institution has approximately $540 million in total assets through six banking locations in east Alabama. Principals of Porter White & Company, acting as registered representatives of Spearhead Capital, LLC, served as exclusive financial advisor to Bank of Wedowee.
Bank mergers and acquisitions are complex transactions and Porter White has extensive experience with these deals in Alabama. If your institution would like to learn more about the M&A process, trends in Alabama bank M&A pricing or how to go about exploring an acquisition or sale, please contact Michael Stone at (205) 252-3681 or michael@pwco.com.
Certain principals of Porter White & Company are registered representatives of Spearhead Capital, LLC, member FINRA/SIPC, and provided securities-related services through Spearhead Capital, LLC.
