River Financial Corporation of Prattville, AL and Trinity Bancorp, Inc. of Dothan, AL announced today the signing of a definitive agreement under which River and Trinity will enter into a strategic merger to combine two well-respected banking franchises and create a $1.25 billion institution operating in several of Alabama’s largest markets.
The deal consideration is a mix of cash and River common stock. Other financial terms were not disclosed.
Porter White Capital, LLC served as exclusive financial advisor to Trinity Bancorp, Inc. and its subsidiary, Trinity Bank. The merger is expected to close no later than the fourth quarter of 2019.
Principals of Porter White Capital, LLC have advised on 8 Alabama community bank mergers since 2016.
For more information on how we can assist your bank with its merger and acquisition needs, please email Michael Stone or call him at (205) 252-3681.
Securities offered through Porter White Capital, LLC, member of FINRA/SIPC and a wholly owned subsidiary of Porter White Companies, Inc.