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

Dec 16, 2022•almost 3 years ago

Acquiring Company

Fairview Centre

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

Fairview Centre

About

Fairview Centre is a grocery-anchored shopping center that has been serving its community for over 85 years. It has a significant occupancy rate with major tenants like Giant Eagle. The center features multiple retail spaces and is located along a busy thoroughfare. Originally built in 1940, it underwent major reconstruction in the mid-1990s.

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