Merchants & Marine Bancorp Acquires Mississippi River Bank
September 20, 2023
Merchants & Marine Bancorp, Inc. (MNMB) signed a definitive agreement to acquire Mississippi River Bank, a Belle Chasse, Louisiana-based community bank with approximately $127.7 million in assets. Mississippi River Bank will continue to operate under its existing brand as a division of Merchants & Marine Bank; the target's CEO Mike Bush and President/COO Lisa Works will remain in their roles. The acquisition is subject to shareholder and regulatory approvals and is expected to close in Q1 2024.
- Buyers
- Merchants & Marine Bancorp, Inc.
- Targets
- Mississippi River Bank
- Industry
- Financial Services
- Location
- Louisiana, United States
- Transaction Type
- Buyout
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