Cordes & Company

In bank acquisition, trust company doesn't fit profile

A California-based bank bought another bank through an FDIC-sponsored sale.  The acquired bank had a trust company subsidiary in Indiana.  Before the transaction closed, the acquiring bank determined that it did not want the trust company.  Cordes & Company was retained to supervise all initial closing activities related to this trust company and then expeditiously dispose of the asset.  We sought interested buyers, supervised due diligence efforts, negotiated the final sale and oversaw ultimate closing of the sale.  Our unique experience with fiduciary businesses was essential to the quick disposal of this asset.

California
2030 Main Street
Suite 1600
Irvine, CA 92614
Telephone: 949.379.1202
Colorado
5299 DTC Boulevard
Suite 815
Greenwood Village, CO 80111
Telephone: 303.721.8755
Minnesota
220 South 6th Street
Suite 2125
Minneapolis, MN 55402
Telephone: 612.455.6027
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