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Lamar Street Investment Partners, Llc And Fidelity Bancshares, Inc., Jointly Announce The Acquisition Of Fidelity By Lamar

Dec 16, 2022•over 2 years ago

Acquiring Company

Lamar Companies

Acquired Company

Fidelity

London

Description

Lamar Street Investment Partners, LLC ("Lamar Street") and Fidelity Bancshares, Inc., Waco, Texas ("Fidelity") jointly announced today Lamar Street's anticipated acquisition of Fidelity and its wholly-owned subsidiary, Fidelity Bank of Texas ("Bank"). The acquisition is subject to final shareholder and regulatory approval.

Company Information

Company

Lamar Companies

About

Lamar Companies was founded in 1972 and is a full-service, privately held, real estate investment company headquartered in Fairfield, New Jersey. Since its founding in 1972, the Company has routinely been ranked in the top 100 largest owners of retail shopping centers in the US according to National Real Estate Investors rankings. Lamar primarily focuses on opportunities created by real estate economic cycles and underperforming assets across the United States and is a principal investor in projects for its own account and in partnership with major institutions. Throughout the years the firm has maintained its entrepreneurial roots as a hands-on operating partner with a deep expertise in retail space, and a unique ability to achieve attractive risk-adjusted returns for its investors. Website: http://www.lamarco.com

Company

Fidelity Bancshares

About

For the very best in banking services, Fidelity Bank offers a variety of personal and business products and services to meet your needs. Contact us today!

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed