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.

7979 E. Tufts Avenue
Suite 820
Denver, CO 80237
Telephone: 303.721.8755
2677 N. Innsbruck Drive
Suite A
New Brighton, MN 55112
Telephone: 612.455.0985
2030 Main Street
Suite 1300
Irvine, CA 92614
Telephone: 949.379.1202