Alston & Bird Represents Business First in Its Acquisition of Waterstone

Alston & Bird client Bank First Corporation, the holding company for Bank First N.A., has announced a definitive agreement to acquire Denmark Bancshares Inc., parent company of Denmark State Bank, in a deal valued at approximately $119 million.

Alston & Bird client Business First Bancshares Inc., the holding company for b1BANK, has announced a definitive agreement to acquire Pedestal Bancshares Inc. and its wholly-owned subsidiary, Pedestal Bank, in a deal valued at about $211 million.

Alston & Bird represented Piedmont Bancorp, the parent company of The Piedmont Bank, in its $267 million acquisition by United Bankshares, the parent company of United Bank, making United the 39th-largest banking company in the United States based on market capitalization. Piedmont is a $2.1 billion asset bank holding company headquartered in Georgia. Through The Piedmont Bank, Piedmont operates 16 locations in the Atlanta area and North Georgia dedicated to exceptional service and innovative products for both business and personal banking.

Alston & Bird client The First Bancshares, Inc., holding company for The First, A National Banking Association, announced that it plans to acquire First Florida Bancorp, Inc., the parent company of First Florida Bank, for approximately $85 million.

Alston & Bird client The First Bancshares, Inc., holding company for The First, A National Banking Association, has entered into an agreement to acquire Sunshine Financial, Inc. and its banking subsidiary, Sunshine Community Bank, for approximately $32 million.